Final Answer:
The following includes anticipated and actual expenses for a responsibility center d. Expense budget. (Option d)
Step-by-step explanation:
An expense budget is the financial plan that includes both anticipated and actual expenses for a responsibility center. It outlines the expected costs associated with a specific area of responsibility within an organization. Unlike other budgets, such as revenue budget (Option a) that focuses on income, cash budget (Option b) that details cash inflows and outflows, capital budget (Option c) which deals with long-term investments, and operating budget (Option e) that covers both revenues and expenses, the expense budget specifically hones in on the anticipated and actual costs associated with managing a responsibility center.
In a responsibility center, managers are held accountable for certain aspects of the organization's performance, and the expense budget provides a detailed breakdown of the costs they are expected to manage. This budget helps in monitoring and controlling expenses, enabling effective financial management within specific areas of the organization.
Understanding and effectively utilizing an expense budget is crucial for organizations to achieve financial discipline, allocate resources efficiently, and measure the performance of individual responsibility centers within the broader framework of the organization's financial objectives. (Option d)