The Two Main Components of the Master Budget Are the ________

question 51

Multiple Choice

The two main components of the master budget are the ________.

• A) cash budget and the capital budget
• B) purchases budget and the budgeted income statement
• C) budgeted income statement and the budgeted balance sheet
• D) operating budget and the financial budget

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Definitions:

Individualism-Collectivism

A cultural dimension that describes the degree to which people in a society are integrated into groups or prefer to act as independent individuals.

Masculinity-Femininity

A cultural dimension that reflects the distribution of roles between the genders in a society.

Long-Term Orientation

A cultural dimension emphasizing the importance of future rewards, perseverance, and savings, as opposed to immediate gratification.

Long-Term Orientation

A cultural dimension indicating the degree to which a society values long-term commitments and respects traditions while adapting to change gradually.