Question

The majority of the total operating budget for most organizations is represented by

Answer 1

Answer:

The majority of the total operating budget for most organizations is represented by supply chain costs

Explanation:

An operating budget is the annual budget of an activity stated in terms of Budget Classification Code, functional/subfunctional categories and cost accounts. It contains estimates of the total value of resources required for the performance of the operation including reimbursable work or services for others. It also includes estimates of workload in terms of total work units identified by cost accounts.  Supply chain costs take up the most in the total amount of the budget. Supply chains include costs related to procurement, transportation , inventory and quality.