The budget that summarises all the planned activities of the business is called:
A)the cash budget
B)the sales budget
C)the master budget
D)the budgeted Balance Sheet
E)the budgeted Income Statement
F)the purchases and operating expenses budget

Question

Quizplus · Accepted Answer

The master budget is the comprehensive budget that includes all of the planned activities and financial forecasts for a business. The other options each represent a specific component of the master budget, but do not encompass all aspects of the business plan.

The Budget That Summarises All the Planned Activities of the Business