Budgeting that involves the development of a master budget to direct the firm's activities over the short-term is referred to as:

Question

Quizplus · Accepted Answer

Operations budgeting involves the development of a master budget to direct the firm's activities over the short-term. Capital budgeting involves the long-term planning for acquisition and investment in assets, while strategic planning involves the long-term planning for the overall direction and goals of the firm. Therefore, the best choice is B.

Budgeting That Involves the Development of a Master Budget to Direct