Which of the following best describes an operating budget?
A)An estimate of cash expenditures for long-term assets.
B)A short-term budget that focuses on the daily operations of the organization.
C)A series of budget schedules outlining the organization's plans for the next three years.
D)An estimate of all operating costs other than production.
E)None of the answer choices is correct.

Question

Quizplus · Accepted Answer

An operating budget is a short-term budget that focuses on the daily operations of the organization, including estimates of expected revenue and expenses for the coming fiscal year. It typically covers a period of 12 months and is used to help manage day-to-day operations, such as salaries, utilities, and supplies.

Which of the Following Best Describes an Operating Budget