What is the quantitative expression of the cost of the resources required to attain the objectives of the plan, as well as an indication of where in the organization and in what forms resources are…

Question

Options

• Aexpense budget
• Bcontrollable expense
• Cbudgeting contract
• Dshort-term contract

• A
  71% (25)
• B
  3% (1)
• C
  17% (6)
• D
  9% (3)

Explanation

Option A (expense budget) fits perfectly because an expense budget is precisely defined as the quantitative (numerical) expression of the costs required to achieve planned objectives - it specifies where in the organization resources will be used, in what form (labor, materials, overhead), and how they'll be expensed over a period.

Why the distractors fail:

• B (controllable expense) refers to a category of costs that a manager can directly influence - it's a classification concept, not a planning document.
• C (budgeting contract) is not a standard management accounting term; it conflates budgeting with legal/contractual language and describes no recognized planning tool.
• D (short-term contract) is a procurement or employment concept entirely unrelated to internal resource planning or cost expression.

Memory tip: Think of the word "budget" - a budget is always a quantitative plan. The phrase "quantitative expression of cost... to attain objectives" is the textbook definition of a budget, and since the question specifies expenses specifically, expense budget is the exact match.

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