Budgeting that involves the development of a master budget to direct the firm's activities over the short-term is referred to as:

Question

Quizplus · Accepted Answer

Operations budgeting involves the development of a master budget for the short-term to direct the firm's day-to-day activities, including sales forecasts, production schedules, and operating expenses. Capital budgeting refers to the process of making long-term investment decisions, while strategic planning involves developing long-term strategies and goals for the organization. Therefore, option B is the best choice.

Budgeting That Involves the Development of a Master Budget to Direct