The Master Budget for a Given Accounting Period Has All

question 143

Multiple Choice

The master budget for a given accounting period has all of the following except:

• A) It consists of a series of operating and financial budgets.
• B) It is considered the "grand plan of action" for the upcoming period.
• C) It culminates in a set of pro forma financial statements.
• D) It is considered an important planning document for many organizations.
• E) It is based on the actual level of sales activity for the period.

---

Definitions:

Genes

Units of heredity made up of DNA that are responsible for the inherited characteristics in living organisms, dictating the development and functioning of organisms.

Selective Breeding

The process by which humans use animal and plant breeding techniques to selectively develop particular phenotypic traits by choosing which typically animal or plant males and females will sexually reproduce.

Eugenics

A set of beliefs and practices aimed at improving the genetic quality of the human population, historically associated with morally controversial methods and ideologies.

Cloning

A process of creating a genetically identical copy of an original organism or gene.