Which of the following is not normally considered an element of a master budget?
A) The production schedule.
B) The employee turnover budget.
C) The operating expense budget.
D) The cash budget.

Question

Quizplus · Accepted Answer

Employee turnover is not typically included in a master budget, as it is an external factor that cannot be directly controlled by the organization. The other options listed - production schedule, operating expense budget, and cash budget - are all commonly included in a master budget.

Which of the Following Is Not Normally Considered an Element