CFM Exam Dumps | What is a short-term projection of all income and expenses during a given period (usually one year)?

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Question 13/86

What is a short-term projection of all income and expenses during a given period (usually one year)?

A. Combined budgeting

B. Fixed/variable budgeting

C. Operational budget

D. Capital budget

Correct Answer: C

Anoperational budget (C)is ashort-term financial plan covering income and expenses for one fiscal year.
* It includesday-to-day operating costs, such as maintenance, utilities, and salaries.
* Why not other options?
* (A) Combined budgetingintegrates multiple budgeting methods but is not specifically short-term.
* (B) Fixed/variable budgetingcategorizes costs rather than providing a full financial projection.
* (D) Capital budgetsfocus on long-term investments and major asset purchases.

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