The Operating Budget

question 20

Multiple Choice

The operating budget

• A)compares estimated cash flows from operations with planned expenditures.
• B)shows cash inflows and outflows for each capital project.
• C)depicts planned revenues and expenditures for each organizational unit.
• D)is used to plan for the purchase and retirement of property,plant,and equipment.

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Definitions:

Responsibility

An obligation to carry out duties or tasks with accountability for the outcomes.

Organizational Effectiveness

The degree to which an organization is successful in achieving its goals and objectives through efficient use of resources, adaptability, and fulfilling stakeholder needs.

Effective

Having the desired result or outcome; achieving the intended goal efficiently and successfully.

Surviving

The act of continuing to live or exist, especially in spite of challenging conditions or circumstances.