Which of the following best describes an operational budget?

An operational budget is a financial estimate that outlines the expected revenues and expenses for a specific period, typically one year. This budget serves as a roadmap for the day-to-day operations of a business, helping managers allocate resources effectively, control costs, and anticipate financial performance. By projecting revenues and expenses, an operational budget allows businesses to plan for future needs and make informed decisions about staffing, inventory, and other operational aspects.

In contrast, a plan for marketing strategies focuses on how a company will promote its products or services rather than detailing financial projections. A breakdown of employee salaries addresses only one component of the overall budget, which fails to encompass the broader financial landscape of the organization. Lastly, a report on customer feedback provides insights into customer satisfaction and service quality but does not pertain to financial planning or resource allocation. Hence, the option that accurately describes an operational budget is the financial estimate of revenues and expenses.