Identify Each Item as Either Part of the Operating Budget

question 46

Multiple Choice

Identify each item as either part of the operating budget or the financial budget.
-budgeted capital expenditures

• A)Operating Budget
• B)Financial Budget

---

Definitions:

Subcontractors

Specialized professionals or companies hired by the main contractor to perform specific tasks as part of a larger project.

Secured Interest

A legal claim or lien on assets or collateral, given to lenders as security for a loan or obligation.

Creditor

A creditor is an entity or person that lends money or extends credit to another party, known as the debtor.

Lien

A legal right or claim against a property as security for payment of a debt or obligation.