A master budget consists of various budgets that collectively express the company's future activities.

Name: A master budget consists of various budgets that collectively express the company's future activities.
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A master budget is a comprehensive financial planning document that includes various individual budgets related to sales, production, overhead, administration, and others, which together outline the company's financial goals, activities, and expected performance for a specific period.

A Master Budget Consists of Various Budgets That Collectively Express