_______________ are comprehensive financial plans made up of various individual departmental and activity budgets.
A) Master budgets
B) Operating budgets
C) Financial budgets
D) Continuous budgets

Question

Quizplus · Accepted Answer

Master budgets are comprehensive financial plans that bring together all departmental and activity budgets to provide an overall view of an organization's financial health. Operating budgets focus on day-to-day expenses, while financial budgets focus on long-term financial planning. Continuous budgets are budgets that are continually adjusted throughout the year.

_______________ Are Comprehensive Financial Plans Made Up of Various Individual