What is a short-term operating budget?
A)management's quantitative action plan for the coming year.
B)shareholders' quantitative action plan for the coming year.
C)investment bankers' quantitative action plan for the coming year.s' quantitative action plan for the coming year.
D)employees' quantitative action plan for the coming year.

Question

Quizplus · Accepted Answer

A short-term operating budget is management's quantitative action plan for the coming year. It outlines the expected revenues, expenses, and profits for the upcoming fiscal year and helps guide decision-making and resource allocation. Shareholders, investment bankers, and employees may contribute to the budgeting process, but it is ultimately management's responsibility to create and implement the budget.

What Is a Short-Term Operating Budget