Correct Answer: Capital budget

Solution : The correct answer is (b) Capital budget.

A capital budget is primarily concerned with planning and allocating funds for long-term investments. It focuses on financing capital expenditures, such as infrastructure development, major equipment purchases, construction projects, and other investments that have a long-term impact on the economy or organization.

The capital budget is separate from the operating budget, which deals with day-to-day expenses and operational activities. While the operating budget covers recurring expenses and current operations, the capital budget specifically addresses long-term investments and projects.

A cash budget, on the other hand, focuses on tracking and managing cash inflows and outflows to ensure adequate liquidity and cash flow management.

A program budget is a budgeting approach that organizes expenses according to specific programs or activities rather than traditional departmental or functional categories. It is a way to allocate funds to various programs or initiatives based on their priorities and goals.