A budget serves primarily to manage which of the following?

A budget primarily serves to manage projected expenses, as it is a financial plan that outlines expected revenue and expenditures over a specific period, typically a year. This allows organizations, including those in the hospitality and tourism industry, to allocate resources efficiently, plan for future expenses, and ensure that they operate within their financial means.

By focusing on projected expenses, a budget enables organizations to identify potential financial challenges and make adjustments to spending as needed. This proactive approach helps organizations maintain financial stability and support long-term strategic goals.

While human resources, operational staff, and inventory supply are essential components of a business, they are more related to the execution of the budget rather than being the primary focus of what a budget is designed to manage. Experts in the field often emphasize the importance of projected expenses as a vital element in effective budgeting.