What term refers to an account of income and expenses for a set period?
A. Budget
B. Base salary
C. Productivity
D. Revenue
A. Budget
The term that refers to an account of income and expenses for a set period is A. Budget.
The term that refers to an account of income and expenses for a set period is known as a "Budget." To find the answer to this multiple-choice question, we can analyze each option:
A. Budget: A budget is a financial plan that estimates income and expenses for a specific period—typically monthly, quarterly, or annually. It helps individuals or businesses track and manage their financial resources.
B. Base salary: Base salary is the fixed amount of money paid to an employee before any additional compensation, such as bonuses or commissions, is added.
C. Productivity: Productivity refers to a measure of how efficiently resources, such as time, labor, or capital, are used to accomplish specific tasks or goals.
D. Revenue: Revenue is the total income generated from the sale of goods or services by a company during a specific time period.
Among these options, the term that specifically describes an account of income and expenses for a set period is "Budget," making option A the correct answer.