O. M. Nazirova English for Design (Costume) freshmen

What are the classification of budget?

There are four common types of budgets that companies use: (1) incremental, (2) activity-based, (3) value proposition, and (4) zero-based.

What is an example of budgeting?

A budget is defined as a plan or estimate of the amount of money needed for cost of living or to be used for a specific purpose. An example of budget is how much a family spends on all expenses in a month. An example of budget is how much a person plans on spending on a new bed.

What is budget in your own words?

A budget is a spending plan based on income and expenses. In other words, it’s an estimate of how much money you’ll make and spend over a certain period of time, such as a month or year. Budgeting can involve making a comprehensive list of expenditures or focusing on a few categories.

What are the factors that affect family budget?

Income of the Family. Size of the Family. Composition of the Family. Occupation of the Family members. Intercity Differences. Family Goals. Socio-economic Status of the Family. Gainful Employment.