PracticeQuiz content is free on an ad-supported model.

Unfortunately, we can't support ad blocker usage because of the impact on our servers. If you'd like to continue, please disable your ad blocker and reload page.

Reload page

ACSM Personal Trainer

Category - Legal and Professional Business and Marketing

Start a Study Session Sign up for Question of the Day

Which of the following are not purposes for having a budget?

Being accountable for expenses
Evaluation program financial performance
Developing a financial plan
Determining if revenue generated is sufficient to cover expenses

Explanation

Answer: D - Determining if revenue generated is sufficient to cover expenses is not a purpose for having a budget; rather, it is a method of profit-and-loss analysis. Without a budget, it would not be possible to determine what actual revenue was generated because there would be no clear delineation between expenses and profit/revenue.

Was this helpful? Upvote!

Start a Study Session Sign up for Question of the Day

ACSM Personal Trainer

Top questions

Related questions

Most popular on PracticeQuiz

Ad-Blocker not supported

ACSM Personal Trainer

Top questions

Related questions

Most popular on PracticeQuiz