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16 October, 00:47

What is the correct answer regarding short-run and long-run budgets? a. A short-run budget is generally less than a year in length and often tied to a particular project b. None of the answers are correct c. A long-run budget is generally one year in length and often tied to a particular department or division d. A long-run budget projects from two (2) to 10 years into the future

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  1. 16 October, 01:09
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    Answer: Option A

    Explanation: In simple words, Short run budgets refers to the budgets which are made for a period of less than 12 months and long run budgets are made for a time period greater than one year.

    Short run budgets are prepared for some specific assets such as supplying a new customer for one year.

    Thus, from the above we can conclude that the correct option is A.
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