The management of a sugar manufacturing company sets aside a sum of $50,000 in its budget for the purchase of new machinery that would double the production. In the given scenario, the management is in the process of planning the _____ of the company.
A) marketing budget
B) financial budget
C) operating budget
D) static budget

Question

Quizplus · Accepted Answer

The operating budget includes expenses related to the day-to-day functioning of the company, such as purchasing machinery to increase production.

The Management of a Sugar Manufacturing Company Sets Aside a Sum