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Master Budget
The master budget is a comprehensive financial planning document that consolidates all of a company's individual budgets, forecasting future financial activities.
Sales
Deals involving the swapping of products or services for monetary value, which constitute the main income stream for numerous companies.
Forecasting
The process of making predictions about future events or trends based on historical data and analysis, commonly used in finance and operations planning.
Activity-Based Budgeting
A budgeting approach where budgets are created based on activities and processes, taking into consideration the costs of all activities necessary to produce and sell a product.
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