The First Step in Preparing the Master Budget Is the ________

question 64

Multiple Choice

The first step in preparing the master budget is the ________.

• A) cash budget
• B) capital budget
• C) operating expense budget
• D) sales budget

---

Definitions:

Busy

Occupied with tasks or engagements; having a high level of activity, often resulting in limited availability.

Reframing

The practice of changing the way situations or ideas are viewed or interpreted, often to find more positive or functional perspectives.

Conflict Situation

A scenario where opposing interests, beliefs, needs, or values lead to a disagreement or dispute between two or more parties.

Angry

An emotional state characterized by feelings of displeasure or antagonism toward something or someone.