A master budget is ________.
A) a budget which starts from a zero base
B) developed for a period for a planned output
C) developed at the end of a period
D) a type of flexible budget

Question

Quizplus · Accepted Answer

A master budget is developed for a specific period and is used to plan and control an organization’s operations and resources. It typically includes budgets for sales, production, operating expenses, capital expenditures, and cash flow. It is not a zero-based budget and is not developed at the end of a period. It may include a flexible budget, but it is not necessarily a type of flexible budget.

A Master Budget Is ________