_____ detail the planned expenditures for facilities, equipment, new products, and other long-term investments.
A)Strategic plans
B)Capital budgets
C)Pro forma statements
D)Continuous budgets

Question

Quizplus · Accepted Answer

Capital budgets are specifically designed to detail the planned expenditures for long-term investments such as facilities, equipment, and new products. Strategic plans outline the overall goals and direction of the company, while pro forma statements often focus on projected financial performance. Continuous budgets are a type of budget that are updated regularly to reflect actual performance and changes in assumptions, and do not necessarily focus on long-term investments.

_____ Detail the Planned Expenditures for Facilities, Equipment, New Products