Most departments have ________ types of budgets.
A) two
B) four
C) six
D) nine

Question

Quizplus · Accepted Answer

Most departments have two types of budgets - an operating budget and a capital budget. The operating budget deals with the day-to-day expenses of the department, such as salaries, supplies, and utilities. The capital budget deals with investments in long-term assets, such as equipment, buildings, and infrastructure. While some departments may have additional budgets for specific purposes, such as research or marketing, these are not as common as the operating and capital budgets.

Most Departments Have ________ Types of Budgets