Fiscal IT budgets are broken down into two major categories:
A) hardware expenses and software expenses.
B) capital expenses and operating expenses.
C) tactical expenses and operating expenses.
D) capital expenses and tactical expenses.

Question

Quizplus · Accepted Answer

Fiscal IT budgets are typically divided into two categories: capital expenses and operating expenses. Capital expenses are one-time investments in long-term assets, such as hardware and software that have a useful life of more than a year, while operating expenses are recurring costs like salaries, maintenance, and utilities. This distinction can help an organization in budgeting, forecasting, and making long-term investments.

Fiscal IT Budgets Are Broken Down into Two Major Categories