Question
QUESTION 3 / 10
You are creating a budget for your new business. What should you include?
A. All income and expenses.
B. Fixed expenses but not income.
C. Income but not variable expenses.
D. Fixed and variable expenses but not taxes.
You are creating a budget for your new business. What should you include?
A. All income and expenses.
B. Fixed expenses but not income.
C. Income but not variable expenses.
D. Fixed and variable expenses but not taxes.
Answers
GPT-4o mini
A. All income and expenses.
Including all income and expenses in your budget is crucial for accurately assessing the financial health of your business and planning for future growth. This comprehensive approach allows you to track profitability and make informed financial decisions.
Including all income and expenses in your budget is crucial for accurately assessing the financial health of your business and planning for future growth. This comprehensive approach allows you to track profitability and make informed financial decisions.