1) What is a Budget ? a) spending plan for your business based on your income and expenses b) analysis looks at internal and external factors that can affect your business. c) is a tool used to gain a macro picture of an industry environment. d) idea that results from a group discussion that can be materialized into a product or service and used by the defined target user. 2) Why is it important ? a) It helps the community to save the environment b) It allows animals to not be extinct c) allows you to create a spending plan for your money 3) Which of the following is an example to be in a business budget ? a) Rent , Employees  b) Sand Clock , Hour glass c) McDonalds toys d) Building Blocks 

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