The master budget is an example of a
A)static budget.
B)flexible budget.
C)pro-forma budget.
D)cash budget.

Question

Quizplus · Accepted Answer

The master budget is a comprehensive plan for all aspects of an organization's operations, including sales, production, purchases, and financing, for a specific period of time. It is usually prepared at the beginning of a fiscal year and represents a static budget because it remains unchanged regardless of changes in actual performance.

The Master Budget Is an Example of a