The finance manager at AllSports Communication has asked his assistant,Ben,to prepare the ________ budget.Ben will gather as much information as possible by utilizing the firm's other budgets and any documents that summarize proposed financial activities.
A)master budget
B)cash budget
C)capital budget
D)line item budget

Question

Quizplus · Accepted Answer

The master budget is the comprehensive plan for all of the firm's financial activities, including budgets for revenue, expenses, capital expenditures, and cash flow. The finance manager wants Ben to prepare the overall plan (master budget) for the company, which would require him to use information from other budgets and financial documents.

The Finance Manager at AllSports Communication Has Asked His Assistant,Ben,to