What is a major difference between an operating budget and a capital budget? A. In an operating budget, legislation is needed; in a capital budget, no legislation is needed.

B. An operating budget is raised by bonds; a capital budget is raised by taxes.

C. An operating budget consists of small amounts of money; a capital budget consists of large amounts of money.

D. An operating budget is for day-to-day expenses; a capital budget is for investment spending.​