Which of the Following Best Describes an Operating Budget

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.