Nonprofits should have an operating budget, a capital budget, and a cash budget.

Name: Nonprofits should have an operating budget, a capital budget, and a cash budget.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Operating budget helps in managing day-to-day expenses, capital budget helps in planning for long-term expenses and investments, and cash budget helps in tracking the inflows and outflows of cash. Having all three budgets helps nonprofits to effectively manage their financial resources.

Nonprofits Should Have an Operating Budget, a Capital Budget, and a Cash