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What Is Operating Budget? - Definition & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is an operating budget?

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1. What do operating budgets show?

2. Why are creating estimated budgets important to a business?

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About This Quiz & Worksheet

This quiz and worksheet combo helps you gauge your knowledge of operating budgets. You will need to determine what these budgets show in order to pass the quiz.

Quiz & Worksheet Goals

This quiz and worksheet can help you assess your knowledge of:

  • Why creating an estimated budget is important
  • Uses of operating budgets
  • Definition of operating budget
  • Types of budgets

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related budget lesson
  • Information recall - access the knowledge you have gained regarding the uses of operating budgets
  • Problem solving - use acquired knowledge to solve budget practice problems

Additional Learning

To learn more about operating budgets, review the lesson on What is Operating Budget? - Definition & Examples. This lesson will help you:

  • Determine what a master budget is
  • Examine how companies use operating budgets
  • Compare and contrast financial budgets and operating budgets
  • Review examples of operating budgets in action
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