________ models are mathematical models of the master budget that can react to any set of assumptions about sales,costs and product mix.
A)Strategic
B)Long-range
C)Financial planning
D)Operating budget

Question

Quizplus · Accepted Answer

Financial planning models are designed to react to any set of assumptions about sales, costs, and product mix. These models help organizations to analyze the impact of various scenarios on their financial position, profitability, and cash flows. They provide a detailed view of the financial implications of different strategies and help managers to make informed decisions. Strategic and long-range models are broader in scope and focus on the overall direction and long-term goals of the organization, while operating budgets are more detailed and track actual results against planned activities.

________ Models Are Mathematical Models of the Master Budget That