Which of the Following Is Not a Component of the Master

question 108

Multiple Choice

Which of the following is not a component of the master budget?

• A)Manufacturing overhead budget
• B)Gross profit budget
• C)Ending inventory and cost of goods sold budget
• D)Production budget

---

Definitions:

Global Market Entry

The strategies and methods used by businesses to start selling products or services in international markets.

Licensing

A business arrangement where one company gives another company permission to manufacture its product for a specified payment.

Brand Name

The name given to a product or service by a company, which is used to identify and distinguish it from competitors' products or services.

Licensing

A business arrangement where one party (the licensor) allows another (the licensee) to use its intellectual property, brand, or technology in exchange for a fee or royalty.