A manager uses a written financial estimate to allocate resources and assess expected results for the next year. This document is a
Correct answer: B. Budget
- A. Policy
- B. Budget
- C. Procedure
- D. Organisation chart
Explanation
A budget is a numerical plan that expresses expected income, expenditure or resource use for a specified period. A policy guides decisions, a procedure lists steps, and an organisation chart shows relationships.
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About Principles of Management
Management principles explain how organisations set objectives and coordinate people and resources to achieve them. Coverage includes planning, organising, staffing, directing, coordinating and controlling, along with authority, responsibility, delegation, span of control and the levels of management. These functions are related but not interchangeable, especially planning and controlling.
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