What is used to provide quantitative information about requirements to achieve a goal?

Budgets are essential tools that provide quantitative information about requirements necessary to achieve specific goals within a business. They detail the expected revenues and expenditures over a particular period, offering a financial plan that helps organizations allocate resources effectively. By setting clear financial parameters, budgets enable businesses to track actual performance against planned performance, ensuring that they remain on course to meet their goals.

In contrast, reports serve to summarize information and present data, but they do not specifically focus on the future requirements for achieving objectives. Forecasts involve predictions based on historical data but may not provide the detailed financial breakdown necessary to manage resources. Projections also involve estimating future events or outcomes but lack the structured financial detail that budgets provide. Thus, budgets stand out as the tool specifically designed to dictate the monetary requirements for achieving a business's goals.