Which of the following statements is TRUE about the operating budget?

Question

Quizplus · Accepted Answer

The operating budget includes the operating expenses budget, which covers the day-to-day costs of running a business, such as wages, rent, and supplies. The financial budget is a broader budget that includes the operating budget, capital expenditures budget, and cash budget. However, the operating budget does not include the capital expenditures budget, which covers longer-term investments in assets such as buildings and equipment. The cash budget is the last component of the financial budget, which projects the cash inflows and outflows for the upcoming period.

Which of the Following Statements Is TRUE About the Operating