Question

the capital expenditures budget deals with predicted acquisition and disposal of operating assets.

true

false

when all the budgets prepared by a firm are combined and integrated it is called the "overarching" budget.

true

false

The process of planned future business actions and expressing those plans in formal manners, usually in monetary terms is called recapping.

true

false

Answer 1

False: Capital expenditures refer to funds that are used by a company for the purchase, improvement, or maintenance of long-term assets to improve the efficiency or capacity of the company.

False: when all the budgets prepared by a firm are combined and integrated it is called the master budget or summarised budget or finalized profit plan

False: The process of planned future business actions and expressing those plans in formal manners, usually in monetary terms is called budgeting.