The budgets that are comprehensive financial plans made up of various individual departmental and activity budgets are the:
A)Operating budgets
B)Master budgets
C)Financial budgets
D)Continuous budgets

Question

Quizplus · Accepted Answer

Master budgets are comprehensive financial plans that include individual departmental and activity budgets. The master budget is typically a yearly budget that outlines a company's financial and operational goals. The budget incorporates all of the company's revenues, costs, and expenses and is used to evaluate organizational performance.

The Budgets That Are Comprehensive Financial Plans Made Up of Various