A Budget is developed based on historical information, forecasted information an

Question

A Budget is developed based on historical information, forecasted information and assumption for other factor that may have an effect on the Budget.   

Marianne Estes is applying for a scholarship that will pay ALL school related expenses for one entire academic year.

2 pts 1.) Prepare a budget for her to use in the application.

A Budget was prepared for a total of $15,000.
1 pt    2.) Which is the desired outcome select one –a) To be under budget b) To be over budget c) To come in at $15,000… right on budget.
2 pts 3.) Give two reasons for your selection.

Explanation / Answer

The correct answer is

a) To be under budget

Being under budget all the expenses will be met as the expenses will be less than the budgeted amount

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