Which type of budget brings together all of the firm's budgeting documents to provide a unified plan for a specific budget period?

Question

Quizplus · Accepted Answer

The correct type of budget that brings together all of the firm's budgeting documents to provide a unified plan for a specific budget period is a master budget. A master budget includes both the operating and financial budgets and is a comprehensive plan for the company's activities and operations. Fiscal and A-level budgets are not specific types of budgets, while an operating budget includes only the company's revenue and expenses for the upcoming period and does not include financial planning. Therefore, choice C, master budget, is the best answer.

Which Type of Budget Brings Together All of the Firm's