The comprehensive set of budgets that serves as a company's overall ﬁnancial plan is commonly known as:

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A set of budgets that serves as a comprehensive financial plan for a company is called a master budget. It consists of individual budgets for sales, production, inventory, labor, expenses, and capital expenditures. The master budget is crucial in achieving the company's financial goals because it provides detailed information on how the company will perform financially over time. The budget typically covers a fiscal year and serves as a guideline for the company's operations and decision-making processes.

The Comprehensive Set of Budgets That Serves as a Company's