Author Question: Discuss the definition of a budget and its uses. What will be an ideal ... (Read 33 times)

tiara099 · **on:** Aug 25, 2018

Discuss the definition of a budget and its uses.

What will be an ideal response

Question 2

When justice practitioners offer their unwavering personal loyalty, they run the risk of violating constitutional provisions, legal requirements, and the public good.

Indicate whether the statement is true or false

briezy · **Reply #1 on:** Aug 25, 2018

Answer to Question 1

A budget is essentially a plan that is stated in financial terms, an estimate of future expenditures, an asking price, a policy statement, the translation of financial resources into human purposes, and a contract between those who appropriate the funds and those who spend them. A budget is, literally, a financial standard for a particular operation, activity, program, or department. Its data is presented in numerical form, mainly in dollars to be spent for a particular purpose, over a specified period of time. Budgets are derived from planning goals and forecasts. In addition, the budget is a management tool, a process, and a political instrument. It is a comprehensive plan, expressed in financial terms, by which a program is operated for a given period. It includes (1) the services, activities, and projects comprising the program; (2) the resultant expenditure requirements; and (3) the resources available for their support.

Answer to Question 2

TRUE