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What is a Budget? Definition
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What precisely is a budget? Let's collects some good definitions here.
According to Wikipedia, a budget (from old French bougette, purse) is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. In other terms, a budget is an organizational plan stated in monetary terms....
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What Precisely is a Budget?
Jeroen van de Graaf An estimate of costs, revenues and resources over a specified period, reflecting a reading of future financial conditions and goals.
One of the m...
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What is a Budget?
Qudsiya Amatun Nayeem, Student (MBA), India, Member A budget generally refers to your financial resources which you pre-plan for a specific area over a limited time span....
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BUDGET - a Mnemonic / Acronym
Arif ur Rehman, Professor, Pakistan, Member You can see BUDGET as an acronym:
B = Balanced
U = Utilization
D = Doables
G = Get
E = Effective
T = Transaction
So...
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BUDGET as an Acronym
K.Narayana Moorthy, HR Consultant, India, Member Mr. Arif ur Rehman's two points are highly relevant for a business project budgeting in terms of one doables (practically feasible variables) and two,...
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