Planned spending through budgeting is part of the "spending" component of financial planning activities. is true or false

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Business

Khalil Martinez

29 February, 00:25

Planned spending through budgeting is part of the "spending" component of financial planning activities. is true or false

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Antoine Welch · Answer 1

That statement is False

Planned spending through budgeting is a part of "Planning" component of financial activities.

This component revolves around making preparation to face a potential situation that may consume our financial condition in the future so we could still maintain our economic growth rate.