Which of the following statements is true concerning the operating budget?
A)The operating budget is a formal short-run plan of action.
B)The operating budget identifies capital projects.
C)The operating budget states the strategy for achieving organizational goals.
D)all of the above.

Question

Quizplus · Accepted Answer

The operating budget is a formal short-run plan of action that guides the day-to-day activities of an organization. Option B is incorrect because identifying capital projects is not a primary objective of the operating budget. Option C is incorrect because the strategic plan is usually separate from the operating budget, although the operating budget should align with the strategic plan. Therefore, option D is also incorrect.

Which of the Following Statements Is True Concerning the Operating