Budgets that communicate an organization's sales and production goals and the resources needed to achieve these goals are known as _____.
A) financial budgets
B) planning budgets
C) operating budgets
D) revenue budgets

Question

Quizplus · Accepted Answer

Operating budgets are designed to communicate an organization's sales and production goals, as well as the necessary resources to achieve those goals. Financial budgets focus on an organization's financial resources and income and expense projections, while planning budgets outline long-term goals and strategies. Revenue budgets specifically focus on an organization's expected revenue streams.

Budgets That Communicate an Organization's Sales and Production Goals and the Resources