Short-term budgets help managers manage ________.Long-term budgets reinforce a company's ________.
A)day-to-day operations; ethical standards
B)day-to-day operations; long-term goals
C)short-term capital budgeting problems; operational goals
D)short-term financing needs; operational goals

Question

Quizplus · Accepted Answer

Short-term budgets are used to manage day-to-day operations, while long-term budgets help reinforce a company's long-term goals. Therefore, option B correctly identifies the purpose of both short-term and long-term budgets.

Short-Term Budgets Help Managers Manage ________