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.

Recognize the importance of insurable interest and the consequences of misrepresentation or breach of contract in insurance agreements.

Identify key historical advancements and their impact on modern computing.

Understand the evolution of programming languages and their primary applications.

Recognize the contributions of individuals and teams to computing history.

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Definitions:

Long-Run Aggregate Supply

The total output of goods and services that an economy can produce when it is using all of its resources efficiently and at full employment.

Vertical

In economics, this term typically refers to a market structure where companies provide different, but related, products or services at various stages of production.

Money Supply

The total financial resources in an economy at a particular time, made up of cash, coins, and the holdings in checking and savings accounts.

Inflation

An increase in the average cost of goods and services, resulting in a drop in the value of purchasing power.