Question

question 7 / 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.

Explanation:

A business budget should include all income (money coming in) and expenses (money going out, including fixed, variable, and taxes) to accurately plan and track financials. Option A is correct as budgets require accounting for all inflows and outflows. Option B misses income, C misses variable expenses, and D misses taxes and may not fully account for all expenses/income.

Answer:

A. All income and expenses.