Which of the Following Budgets or Financial Statements Is Part

question 101

Multiple Choice

Which of the following budgets or financial statements is part of the operating budget?

• A) Capital expenditures budget
• B) Budgeted balance sheet
• C) Sales budget
• D) Cash budget

---

Definitions:

Consumer's Preferences

The subjective tastes and desires that guide consumer behavior in choosing among various goods and services.

Prices

The price projected, required, or paid in return for a particular item.

Marginal Rate

The rate at which one quantity changes with respect to a change in another quantity, often used in the context of tax or interest.

Substitution

In economics, the process by which a good or service is replaced with another due to changes in price, preferences, or availability.