The master budget only includes the sales budget, the capital expenditures budget, and the financial budget.

Name: The master budget only includes the sales budget, the capital expenditures budget, and the financial budget.
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The master budget includes several other budgets in addition to the sales, capital expenditures, and financial budgets. These may include the production budget, direct materials budget, direct labor budget, overhead budget, and others depending on the nature of the business.

The Master Budget Only Includes the Sales Budget, the Capital