Question

question 2 / 10 which of the following is not true of a budget? note capitalization of not a. a budget can include donations to charities. b. budgets include both expenses and income. c. once you finish making your budget, you should not change it. d. budgets help you plan how to spend money you now or receive.

Explanation:

• Option A: Donations to charities can be part of a budget's expenses, so this is true.
• Option B: Budgets typically account for both income (money received) and expenses (money spent), so this is true.
• Option C: Budgets are flexible and should be adjusted as financial situations or goals change, so the statement that you should never change a budget after making it is false.
• Option D: A key purpose of a budget is to plan how to spend (and save) the money you receive, so this is true.

Answer:

C. Once you finish making your budget, you should not change it.