Which two types of budgets are referred to as financial budgets? A) c

QUESTION

Which two types of budgets are referred to as financial budgets?

A) capital budgets and cash budgets
B) capital budgets and operating budgets
C) cash budgets and operating budgets
D) cash budgets and master budgets
E) master budgets and operating budgets

ANSWER

Answer: A
Explanation: A) Capital budgets and cash budgets are called financial budgets because they concentrate on the company’s financial goals and the resources needed to achieve them.