The Master Budget Includes 3 Components-The Operating Budget, the Capital

question 91

True/False

The master budget includes 3 components-the operating budget, the capital expenditures budget and the financial budget.

---

Definitions:

Detailed Discussion

An in-depth conversation focused on specific elements or topics, often aiming to reach a detailed understanding or agreement.

Intuitor Personality

A personality type characterized by intuition, focusing on possibilities and abstract concepts over concrete details.

Sales Presentation

An organized effort by a salesperson to demonstrate a product or service to potential buyers, aiming to make a sale.

Prospect

An identified individual who may have an interest in a company's offerings, either a product or a service.