Operating budgets are limited to service organizations.

Question

Quizplus · Accepted Answer

Operating budgets can be used by any type of organization, not just service organizations. Operating budgets are a detailed plan of the income and expenses of an organization, including operational costs, revenues, and other financial considerations. They are used to help organizations stay on track financially, manage cash flow, and make informed decisions about spending and investments.

Operating Budgets Are Limited to Service Organizations