The Four Seasons hotel chain has purchased an existing hotel in Mumbai. To forecast how much it needs to spend to bring the facilities in line with Four Seasons' other five-star hotels, what will it use?

Question

Quizplus · Accepted Answer

The forecasted spending for bringing the facilities in line with Four Seasons' other five-star hotels would fall under the capital budget, as it would involve significant long-term investments in improving the hotel's infrastructure and facilities. The other options (managerial budget, tactical budget, operating budget) are more focused on short-term planning and day-to-day operations, and would not be as relevant for this type of forecasting.

The Four Seasons Hotel Chain Has Purchased an Existing Hotel