_____ are components of a master budget.
A)A strategic plan and an operating budget
B)An operating budget and a financial budget
C)A continuous budget and a static budget
D)A cash budget and an activity budget

Question

Quizplus · Accepted Answer

A master budget typically includes both an operating budget, which predicts the expenses and revenues of the business over a specific time period, and a financial budget, which outlines the cash flow and financing activities of the business. A strategic plan may also be included as part of the master budget, but it is not a component in and of itself. Continuous and static budgets, as well as activity budgets, may be used in conjunction with the master budget, but they are not necessarily components of it.

_____ Are Components of a Master Budget