During the 3rd quarter of a budget cycle, the CISO noticed she spent more than was originally planned in her annual budget. What is the condition of her current budgetary posture?
During the 3rd quarter of a budget cycle, the CISO noticed she spent more than was originally planned in her annual budget. What is the condition of her current budgetary posture?
When the CISO has spent more than was originally planned in her annual budget by the 3rd quarter, it indicates that the expenses have exceeded the allocated budget, resulting in a shortfall. This situation is precisely referred to as operating at a deficit, as it signifies the budget is not balancing the expenditures with the allocated funds.
Answer is B.
Deficit - means under-budget or over-spent.
during the 3rd quarter...it means the budget cycle is not finished, that`s why is much more right to say temp.state of imbalance.
B. The budget is operating at a deficit: This option suggests that the expenses have exceeded the allocated budget, resulting in a shortfall. It indicates that the CISO has spent more than what was planned, leading to a deficit in the budget.
Is not temporarily. It is deficit.
If the CISO has spent more than was originally planned in her annual budget by the 3rd quarter, it means that the expenditures have exceeded the allocated budget for that period. This situation is commonly referred to as operating at a deficit.