Which of the Following Best Describes an Operating Budget

question 58

Multiple Choice

Which of the following best describes an operating budget?

• A)An estimate of cash expenditures for long-term assets.
• B)A short-term budget that focuses on the daily operations of the organization.
• C)A series of budget schedules outlining the organization's plans for the next three years.
• D)An estimate of all operating costs other than production.
• E)None of the answer choices is correct.

Understand the basic principles of thermodynamics as they apply to biological systems.

Describe the structure, function, and classification of enzymes.

Explain the role of ATP in energy metabolism.

Define and differentiate between competitive and noncompetitive enzyme inhibition.

---

Definitions:

Liabilities

Financial obligations or debts that a company owes to external parties, which must be settled over time through the transfer of economic benefits.

Deferral

Accounting method to postpone the recognition of revenues or expenses until a future accounting period.

Journal Entry

A record in the accounting ledger that represents a transaction and its effect on various accounts, used for tracking and organizing financial data.

Accrual

Accrual is an accounting method that records revenues and expenses when they are earned or incurred, regardless of when the cash transaction actually takes place.