Operating Budgets and Financial Budgets

question 173

Multiple Choice

Operating budgets and financial budgets:

• A)combined form the master budget
• B)are prepared before the master budget
• C)are prepared after the master budget
• D)have nothing to do with the master budget

---

Definitions:

Corroboration

Confirmation or support of a statement, theory, or finding, often with additional evidence or testimony.

Comparable Worth

A principle stating that jobs of equal value to an organization should receive equal pay, even if they are quite different in nature.

United States

A country located in North America, comprised of 50 states, a federal district, five major self-governing territories, and various possessions.

Nations

Large groups of people united by common descent, history, culture, or language, inhabiting a particular country or territory.