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business
chapter 3
| Term | Definition |
|---|---|
| budget | a plan of our planned income and expenditure |
| budgeting | the process of matching our planned expenditure with our planned income |
| net cash | total income minus total expenditure |
| unbranded | goods that are not made by a well known manufacturer |
| budget surplus | when our income is greater than our expenditure |
| budget deficit | when our expenditure is less than income |