which of the following is true about a budget? it is shared with investors to verify the financial health of…

which of the following is true about a budget? it is shared with investors to verify the financial health of a business. it is used to monitor the costs of potential business risks. it is used to balance financial priorities with organizational goals. it is used to compare the assets of a business to its liabilities.

which of the following is true about a budget? it is shared with investors to verify the financial health of a business. it is used to monitor the costs of potential business risks. it is used to balance financial priorities with organizational goals. it is used to compare the assets of a business to its liabilities.

Answer

Brief Explanations:

A budget is a financial plan that helps in aligning financial resources with organizational objectives. It is not mainly for verifying financial health for investors (that's more of financial statements' role), not for monitoring business - risk costs (risk management tools do that more directly), and not for comparing assets and liabilities (balance sheet does that). Its key function is to balance financial priorities and organizational goals.

Answer:

It is used to balance financial priorities with organizational goals.