________ are budgets that detail the planned expenditures for facilities, equipment, new products, and other long-term investments.

Question

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Capital budgets are specifically designed to plan for long-term investments. They detail the expected costs of items like new equipment, facilities, and products, and they are often used to make important financial decisions for the future of a business or organization. Strategic plans and pro forma statements are related to financial planning but they are more general and not specific to long-term investments. Continuous budgets are ongoing projections of expenses and revenues, but they do not necessarily account for capital expenses in the same detailed way that capital budgets do.

________ Are Budgets That Detail the Planned Expenditures for Facilities