The operating budget is a budget for day-to-day expenses.
Answer: Option A
Explanation:
An operating budget includes all revenues and spending over certain period of time that may be either a quarter or a year that is planned by the government or an organisation that uses to organise its operations.
This type of budget is developed in an advance to a period of reporting in accordance with expected goals of an organisation.
The major components of operating budget includes the following measures such as Fixed Costs, variable costs, Revenues, Non-cash expenses, Non-operating expenses, Capital costs.
