Question 11 • APSB 2023 Intro to Health Care Occupations-ALP
What is the difference between a budget and a financial projection?
Answer
A
Financial projections are plans of how to use money; budgets are used to determine how much money will be needed in the future.
B
Budgets and financial projections are used for the same purpose, but budgets are for non-profit organizations and financial projections are used by private businesses.
C
Budgets are plans of how to use money, and financial projections are predictions about future financial situations.
D
Financial projections are based on the future; budgets are based on the past.