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:

Response Bias

A wide range of cognitive biases that influence the responses of participants away from an accurate or truthful response.

Sensory Adaptation

The diminished sensitivity to a stimulus as a consequence of constant exposure to that stimulus.

Sensory Threshold

The minimum level of stimulus intensity required for a sensory system to detect a stimulus.

Sensory Deprivation

A condition in which one or more of the senses is diminished or eliminated.