Which of the Following Is True of the Master Budget

question 38

Multiple Choice

Which of the following is true of the master budget?

• A) Monthly budgets are derived by dividing the master budget by 12.
• B) Fixed costs cannot change from one month to another.
• C) Variable costs cannot change from one month to another.
• D) The master budget can reflect seasonal effects.
• E) None of these.

---

Definitions:

14-Year Monopoly

A fixed period of exclusive rights granted, typically referring to patents or copyright terms.

Injunctive Relief

A court-ordered act or prohibition against a party in a dispute, aimed at preventing irreparable harm or maintaining the status quo until a final decision is made.

Lanham Act

The primary federal trademark statute in the United States that prohibits trademark infringement, trademark dilution, and false advertising.

Creative Work

Original creations of the mind, such as paintings, music, literature, and inventions, often protected by intellectual property rights.