Asked by Paola Zaragoza on Jul 02, 2024
Verified
A company's overall operating budget is a composite of many individual budgets for separate units of the firm.
Operating Budget
An estimation of the revenue and expenses over a specified future period of time, operationalizing a company's financial plan.
- Gain insight into the significance of budgets within financial planning, performance assessment, and the decision-making process.
Verified Answer
MC
Mukuka Chalungmana5 days ago
Final Answer :
True
Explanation :
An overall operating budget is indeed a composite, combining individual budgets from various units or departments within a company to provide a comprehensive financial plan for the entire organization.
Learning Objectives
- Gain insight into the significance of budgets within financial planning, performance assessment, and the decision-making process.