Which budgets are concerned with the income-generating activities of a firm?
A)master budgets
B)operating budgets
C)financial budgets
D)continuous budgets

Question

Quizplus · Accepted Answer

Operating budgets are concerned with the income-generating activities of a firm. This includes budgets for sales, production, and operating expenses. Master budgets include all types of budgets, including operating budgets, financial budgets, and continuous budgets. Financial budgets focus on a firm's financial position, while continuous budgets are updated regularly throughout the year.

Which Budgets Are Concerned with the Income-Generating Activities of a Firm