A master budgets is an example of a(n):
A)static budget.
B)flexible budget.
C)zero-based budget.
D)incremental budget.

Name: A master budgets is an example of a(n): A)static budget. B)flexible budget. C)zero-based budget. D)incremental budget.
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Question

Quizplus · Accepted Answer

A master budget is a static budget, meaning it is based on a fixed set of assumptions and does not change with actual results. It is typically created at the beginning of a period and outlines expected sales, expenses, and profits for that period.

A Master Budgets Is an Example of A(n)