Final answer:
True, a cash-flow budget provides an overview of cash inflows and outflows during a specific period, helping to manage financial obligations effectively.
Step-by-step explanation:
True. The cash-flow budget provides a detailed overview of cash inflows and outflows for a specific budget period. This budgeting tool is essential for understanding the timing of cash movements within a business or organization and for ensuring that there is enough cash available to meet various financial obligations as they come due. All levels of government - federal, state, and local - have budgets that demonstrate expected revenue and planned expenditures, but these can vary significantly based on policy decisions and unforeseen events. In contrast, historical data about federal budgets showing surpluses or deficits does not directly pertain to the functionality of a cash-flow budget.