________ usually prepare and use the operating budget.________ focus on the financial budget.
A) Sales managers; the board of directors
B) Controllers and treasurers; line operating managers
C) Line operating managers; controllers and treasurers
D) The audit committee; the board of directors

Question

Quizplus · Accepted Answer

Line operating managers usually prepare and use the operating budget, while controllers and treasurers focus on the financial budget. Option A is incorrect because while sales managers may provide input to the operating budget, they do not typically prepare or use it exclusively. Option B is incorrect because while controllers and treasurers are involved in budgets, line operating managers are the primary users of the operating budget. Option D is incorrect because the audit committee typically oversees the company's financial reporting and internal controls, but is not directly responsible for budget preparation or use.

________ Usually Prepare and Use the Operating Budget