What is the "key" to the entire operating budget?

Name: What is the "key" to the entire operating budget?
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

The key to the entire operating budget is the forecast of operating activity. This forecast forms the basis for all other components of the operating budget such as the production/purchases budget, the budgeted income statement, and the budgeted balance sheet. Without an accurate forecast of operating activity, the other components of the operating budget may not be reliable or useful.

What Is the "Key" to the Entire Operating Budget