Which Statement Relating to a Master Budget Is Not True

question 2

Multiple Choice

Which statement relating to a master budget is not true?

• A) Budget targets are fixed and not subject to revision.
• B) It is a set of interrelated budgets.
• C) It is normally overseen by a budget committee.
• D) It is typically prepared for a one-year period that coincides with the entity's financial year.

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Definitions:

Fovea

A small depression in the retina of the eye where visual acuity is highest due to the concentration of cones.

Common Cause

A factor that simultaneously affects multiple variables, leading to an association between them.

Blindness

The condition of lacking visual perception due to physiological or neurological factors.

Glaucoma

A group of eye conditions that damage the optic nerve, often associated with increased intraocular pressure, leading to loss of vision if untreated.