How Is a Master Budget Best Described

question 34

Multiple Choice

How is a master budget best described?

• A)As a budget of the cash flows predicted for a future period of time
• B)As the one and only budget that is of interest to management
• C)As a summary of a number of interrelated budgets
• D)As a budget for a manufacturing business

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Definitions:

Organizational Patterns

The structures used to arrange or classify information, ideas, or items in writing or speeches, such as chronological or cause-and-effect.

Conforms

To act in accordance or harmony with established rules, standards, or patterns.

Efficient

Being effective without wasting time, effort, or resources.

Complicated

Something that is complex, not simple, involving many different and connected parts.