A master budget is typically prepared for:

Question

Quizplus · Accepted Answer

A master budget is typically prepared to coordinate activities among subunits of an organization. It includes both financial and non-financial information and covers all aspects of an organization's operations, such as sales, production, purchasing, and financing. It helps to ensure that all departments are working towards the same goals and objectives, and that resources are allocated efficiently and effectively. Therefore, it is not prepared for top management only, strategic planning purposes only, strategic business units only, or operating activities only.

A Master Budget Is Typically Prepared For