________ enable managers to estimate the costs of selecting, purchasing, and installing new property and major equipment that the company can use to pursue its purposes.
A) Operating budgets
B) Capital budgets
C) Revenue budgets
D) Production budgets
E) Rolling budgets
Question 2
Which of the following refers to any favorable or unfavorable difference between the expected, budgeted amount and the actual amount?
A) budget overrun
B) zero-based budgeting
C) budget crisis
D) budget variance
E) rolling budget