A Comprehensive Master Budget Does Not Include Individual Schedules for Which

question 84

Multiple Choice

A comprehensive master budget does not include individual schedules for which of the following budgets?

• A)materials purchase budget.
• B)capital budget.
• C)work-in-process budget.
• D)cash outlays budget.

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Definitions:

Breach

The violation or non-fulfillment of a legal obligation, contract, or duty.

Nonperformance

The failure to act or perform a task or duty that is required by contract, obligation, or law.

Contractual Promise

A binding pledge or agreement between parties that is enforceable by law.

Unauthorized Alteration

A change made to a document, instrument, or agreement without the consent or knowledge of all parties involved, which can affect its validity or legality.