A company prepares various types of budgets to regulate its expenditures.
The correct answer is c. Strategic Budget.
A Budget is a regulation of revenue and expenditures of a company. It is presented in tabular form which makes it easy to understand.
The budget is often prepared monthly in a corporation but sometimes there are special budgets prepared for one off projects.
These budgets are prepared by managerial staff of various departments which are summarized into master budget and then they are presented to the board of directors for review purposes.
A strategic budget is prepared with a long term view. The budget includes projections of revenue and expenditures of more than one year period.
The companies management prepares these types of budgets to have a long term view of company's position.
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