Which Is NOT a Characteristic of the Master Budget

question 141

Multiple Choice

Which is NOT a characteristic of the master budget?

• A)The sales forecast is prepared before the sales budget.
• B)The master budget is the comprehensive plan for the organization as a whole.
• C)The production budget is prepared in units and dollars.
• D)One approach to forecasting sales is the bottom-up approach.

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Definitions:

Lysenko

A controversial figure in the history of Soviet biology, Trofim Lysenko rejected Mendelian genetics in favor of his own agricultural theories, leading to widespread agricultural disaster.

Natural Selection

A fundamental mechanism of evolution where organisms better adapted to their environment are more likely to survive and reproduce.

Evolutionary Theory

A scientific theory that explains the diversity of life on Earth by proposing that life evolves over time through processes of natural selection and genetic variation.

Common Ancestor

The most recent individual from which all organisms in a group are directly descended.