The short-term financial plans are known as ______. (a) Programs (b) Budgets (c) Policies (d) Objectives

 Answer (b) Budgets

Explanation: A business budget is a spending plan for a business dependent on expenses and income. It distinguishes the accessible capital, gauges spending, and assists with foreseeing income. A financial plan can assist the administration with planning business activities and can go about as a measuring stick for laying out monetary objectives. It can assist with handling both momentary hindrances and long-haul planning.