For Which of the Budgets in the Master Budget Can

question 50

Multiple Choice

For which of the budgets in the master budget can a company prepare a flexible budget?

• A)only the sales budget
• B)only the income statement budget
• C)only the budgets that reflect operations
• D)all of the budgets

---

Definitions:

External Attribution

The process of attributing the cause of one's own or others' behavior to external factors, rather than to internal personality traits.

Causal Attribution

The process of determining the underlying cause or reason behind an event or behavior, attributing it to internal dispositions or external situations.

Deliberately Knocked

Intentionally causing something to be struck or come into forceful contact, often used metaphorically to describe the act of bringing attention to or criticizing something.

Repressed Memories

memories that have been unconsciously blocked due to being associated with a high level of stress or trauma.