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 these answers is correct.

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 making long-term investment decisions, while strategic planning involves setting long-term goals and developing plans to achieve them.

Budgeting That Involves the Development of a Master Budget to Direct