The primary types of budgets include:
A) Divisional, operational, and organizational
B) Capital and operational
C) Strategic, capital, and operational
D) Zero-based, strategic, and capital

Question

Quizplus · Accepted Answer

The primary types of budgets are capital and operational. Capital budgets focus on major long-term investments like equipment or property, while operational budgets focus on day-to-day expenses like salaries and materials. While there may be other types of budgets used in specialized contexts, divisional, organizational, strategic, and zero-based budgets are all typically subsets or variations of capital and/or operational budgets.

The Primary Types of Budgets Include