Jason Prows' job this week is to prepare a spreadsheet that shows his company's long-range plans and outlines the expected financial needs for significant purchases such as real estate, manufacturing equipment, plant expansions, and technology. Jason is preparing a(n)________ budget.
A)operating
B)master
C)capital
D)tactical

Question

Quizplus · Accepted Answer

The description in the question indicates that Jason is preparing a long-range plan for significant purchases such as real estate, manufacturing equipment, plant expansions, and technology. These types of expenses are typically associated with capital expenditures and would require a capital budget. Operating budgets are usually for short-term expenses like salaries, supplies, and rent. Master budgets generally encompass all budgets for the organization, including operating and capital budgets. Tactical budgets are typically short-term plans for achieving specific goals, such as increasing sales or reducing expenses.

Jason Prows' Job This Week Is to Prepare a Spreadsheet