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The Master Budget Consists of Three Major Groups of Budget

question 69

True/False

The master budget consists of three major groups of budget components: the operating budgets, the capital expenditures budgets, and the financial budgets.

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Definitions:

Organic Material

Matter composed of organic compounds that has come from the remains of organisms such as plants and animals and their waste products in the environment.

Environment

The surrounding conditions, influences, or forces which affect the survival, development, and evolution of organisms or communities.

Photosystem

A complex of proteins and pigments in plants and algae that absorbs light energy and converts it into chemical energy during photosynthesis.

Chlorophyll

A green pigment found in the chloroplasts of plants, algae, and some bacteria, essential for photosynthesis as it absorbs light energy to convert carbon dioxide and water into glucose.

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