Question

Financial tools for systematically converting the objectives of an organization into plans for acquiring revenues and controlling expenditures are better known as:

A. budgets.
B. strategic plans.
C. business plans.
D. operational plans.

Answer 1

Financial tools for systematically converting the objectives of an organization into plans for acquiring revenues and controlling expenditures are better known as budgets.

Step-by-step explanation:

Financial tools for systematically converting the objectives of an organization into plans for acquiring revenues and controlling expenditures are better known as budgets (option A).

Budgets are an essential part of financial planning for businesses. They outline the expected income and expenses and help organizations allocate their resources effectively.