A combined set of operational budgets and a set of financial budgets for the entire organization is known as a
A) master budget.
B) flexible budget.
C) month-to-month budget.
D) continuous budget.

Question

Quizplus · Accepted Answer

A master budget is a comprehensive financial plan that includes both operational and financial budgets for the entire organization. It is a combined set of budgets that provides a detailed overview of the organization's financial performance, including revenue, expenses, and cash flow. The master budget typically includes budgets for sales, production, marketing, research and development, and other operational activities, as well as budgets for cash flow, income statement, and balance sheet. It is an important tool for managing the organization's financial resources and ensuring its financial stability and success.

A Combined Set of Operational Budgets and a Set of Financial