Which Statement Best Describes a Characteristic of the Master Budget

question 159

Multiple Choice

Which statement best describes a characteristic of the master budget?

• A) It is divided into daily and weekly budgets.
• B) It is created externally and imposed on management.
• C) It provides a selective financial plan for the organization as a whole.
• D) It is typically for a 1-year period corresponding to the fiscal year of the company.

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Definitions:

Elaborative Rehearsal

A memory technique that involves thinking about the meaning of the information and making connections to existing memories or knowledge.

Maintenance Rehearsal

A cognitive process involving the repetition of information to keep it in short-term memory or to encode it into long-term memory.

Long-Term Memory

The phase of the memory process responsible for the storage of information over extended periods, potentially lasting from days to a lifetime.

Long-Term Memory

A type of memory capable of storing information for extended periods, often throughout a person's life.