Which of the following is not an aspect of a definition of the term budgets?

A. Concerned with allocation of resources and investment

B. A strategic plan outlining means to utilize budget, make sales, and generate profits

C. Numerical or financial expression of money to be spent by departments and for what purpose

D. Information on cash-flow

Answer: Option B

Solution(By Examveda Team)

A strategic plan outlining means to utilize budget, make sales, and generate profits is not an aspect of a definition of the term budgets. A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis.