Sam has been assigned to work on the development of a budget that plans future investments in major assets such as buildings and heavy machinery.Sam is working on a(n):
A) cash budget
B) capital budget
C) revenue budget
D) operating budget
E) expense budget.

Question

Quizplus · Accepted Answer

The description suggests that the budget is focused on planning future investments in major assets, which indicates a capital budget. A capital budget is specific to the allocation of funds for long-term investments, such as buying buildings and heavy machinery.

Sam Has Been Assigned to Work on the Development of a Budget