A master budget:
A) indicates costs of the organization only for the coming year.
B) indicates sales of the organization only for the coming year.
C) indicates sales, production, and costs of the organization for the coming year.
D) indicates sales and production but does not address costs of the organization for the coming year.

Question

Quizplus · Accepted Answer

A master budget is a comprehensive financial planning document that includes projections for sales, production, and costs for the organization for the coming year.

A Master Budget