What is an operating budget?
A) A measure of how much percentage profit a company is earning on sales
B) The result of dividing a company's operating profit by sales revenues
C) The amount an organization has left after all the costs of making the product and running the business have been deducted
D) Specification of the functional goals that the managers of different functions need to achieve
E) A blueprint that states how managers intend to use organizational resources to achieve organizational goals efficiently

Question

Quizplus · Accepted Answer

An operating budget is a blueprint that states how managers intend to use organizational resources to achieve organizational goals efficiently.

What Is an Operating Budget