Budgeting that involves the development of a master budget to direct the firm's activities over the short-term is referred to as:
A) capital budgeting.
B) operations budgeting.
C) strategic planning.
D) None of the above.

Question

Quizplus · Accepted Answer

The development of a master budget to direct the firm's activities over the short-term is referred to as operations budgeting. Capital budgeting involves making long-term investment decisions, while strategic planning involves developing long-term plans and objectives for the entire organization, not just the short-term budgeting process. Therefore, option B is the correct answer.

Budgeting That Involves the Development of a Master Budget to Direct