The financial budget focuses on the effects that the ________ and other plans will have on ________.
A)master budget; resources
B)continuous budget; resources
C)long-range plan; activities
D)operating budget; cash balances

Question

Quizplus · Accepted Answer

The operating budget is a short-term financial plan that focuses on the expected cash inflows and outflows for the upcoming period. One of the main goals of the operating budget is to manage cash balances effectively, which makes it the best choice for the first blank. The second blank refers to the impact of plans on financial resources, which also aligns with the purpose of the operating budget. Therefore, the correct answer is D.

The Financial Budget Focuses on the Effects That the ________