Final answer:
OPTAR consists of two different components for managing a unit's finances: minor property for consumables and lower-cost items, and major property for high-value, long-term assets.
Step-by-step explanation:
The Operating Target (OPTAR) is a financial management tool used mainly by the U.S. Navy. It is a budget allotted to Navy units for the fiscal year, which is further divided into two components: minor property and major property. Minor property typically refers to inexpensive, consumable items or low-cost, non-durable equipment. In contrast, major property relates to more expensive, capital assets that have a longer service life, such as sophisticated machinery or ships. Each component of the OPTAR has its own specific guidelines for acquisition and management, and they are not interchangeable terms.
Units manage their OPTAR to ensure they have the necessary resources for their operational and administrative needs. The minor property component of the OPTAR allows for more regular and flexible spending on items that require frequent replacement or replenishment, while the major property component requires more strategic and long-term planning, as the items are of greater value and importance to the unit's capabilities.
OPTAR's two components differ in that one is for minor property, which includes consumables and low-cost items, while the other is for major property, which encompasses high-value, durable assets. They are not interchangeable but are distinct categories for credit allocation and asset management within the operating budget.