An example of strategic budgeting is:
A) Planning a new facility to manufacture a new product.
B) Planning employees' work rosters.
C) Preparing a budget for material purchases.
D) All of the above.

Question

Quizplus · Accepted Answer

Strategic budgeting involves long-term planning to achieve major goals, such as opening a new facility for a new product, which aligns with strategic objectives. Planning work rosters and preparing budgets for material purchases are more operational and short-term in nature.

An Example of Strategic Budgeting Is