Question: 1 1 . What is the relationship between the operating budget and the financial budget? a . The operating budget focuses on long - term

11. What is the relationship between the operating budget and the financial budget?
a. The operating budget focuses on long-term investments, while the financial budget focuses on short-term cash flows
b. The operating budget includes day-to-day expenses, while the financial budget includes capital expenditures and financing
c. The operating budget is for internal use, while the financial budget is for external reporting
d. There is no relationship between the two

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