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23 January, 21:30

What is an operating budget? - the amount an organization has left after all the costs of making the product and running the business have been deducted - a blueprint that states how managers intend to use organizational resources to achieve organizational goals efficiently - a measure of how much profit a company is earning on sales - the actual cost of running the business for a specified time period - the amount of money the business' owners are willing to spend during a fiscal year

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  1. 23 January, 22:11
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    The correct answer is: a blueprint that states how managers intend to use organizational resources to achieve organizational goals efficiently.

    Explanation:

    The operating budget of an organization can be defined as an estimate of the organization's expenses and income during a period. The organization uses it to decide how to efficiently use available resources to achieve organizational goals.

    Operating budget involves a number of components:

    Revenue Variable cost Fixed cost Non-cash expenses Non-operating expenses

    Capital costs are generally not included as operating budget is a short term budget and these costs are long term.
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