The _________ budget is generally the most detailed and used budget that a firm prepares.

Question

Quizplus · Accepted Answer

The operating budget is the most detailed and used budget that a firm prepares. It covers the day-to-day activities of the business such as sales, production, and operating expenses. The capital budget focuses on long-term investments such as property, plant, and equipment. The cash budget focuses on cash inflows and outflows, but may not provide as much detail as the operating budget. Therefore, choice A is the best answer.

The _________ Budget Is Generally the Most Detailed and Used