mark has just completed the operating budget for his organization for the upcoming year. he notes that due…

mark has just completed the operating budget for his organization for the upcoming year. he notes that due to an increase in the rent for their office space, the difference between revenue and expenditures for the organization will be negative. what should the organization do based on marks discovery? select the best option. address the difference once the organization starts making revenue this year. increase expenses or reduce costs. reduce expenses or increase costs. hire more personnel.

mark has just completed the operating budget for his organization for the upcoming year. he notes that due to an increase in the rent for their office space, the difference between revenue and expenditures for the organization will be negative. what should the organization do based on marks discovery? select the best option. address the difference once the organization starts making revenue this year. increase expenses or reduce costs. reduce expenses or increase costs. hire more personnel.

Answer

Brief Explanations:

When there is a negative difference between revenue and expenditures (a deficit), reducing expenses or increasing revenue helps balance the budget. Increasing expenses would worsen the deficit, and hiring more personnel usually increases costs. Addressing the difference only when revenue starts coming in may be too late.

Answer:

Reduce expenses or increase costs