Which of the Following Statements Is NOT True of the Master

question 61

Multiple Choice

Which of the following statements is NOT true of the master budget?

• A) The master budget represents the overall operating and financing plans for a specific time period
• B) The capital budget is a critical part of the master budget
• C) The master budget culminates with pro-forma financial statements
• D) The master budget begins with a forecast of sales

---

Definitions:

Privacy Worries

Concerns individuals have regarding the protection and use of their personal information by companies or other entities.

Online Companies

Businesses that operate primarily on the internet, offering goods, services, or information.

Security Measures

Strategies or actions implemented to protect information, individuals, and assets from theft, attacks, or other threats.

Digital Technology

The branch of technology that involves the use of digital devices and systems to generate, process, or store data.