The Preparation of All the Budgets in the Master Budget

question 51

Multiple Choice

The preparation of all the budgets in the master budget forces managers to think about their business operations and to formulate plans, while:

• A) detecting inaccurate historical records to avoid errors in budgets
• B) setting expectations against which actual results can be compared
• C) completing the budgeting tasks with minimal cross functional feedback
• D) ignoring financial risks and opportunities

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