The master budget is:
A)developed at the end of the period.
B)based on the actual level of output.
C)a static budget.
D)a flexible budget.

Question

Quizplus · Accepted Answer

The master budget is a comprehensive financial plan that encompasses all aspects of a company's operations and is usually created at the beginning of a period. It is typically a static budget, which means it is based on a single, predetermined level of output, rather than being adjusted based on changes in activity levels or other external factors. Therefore, the best choice is C.

The Master Budget Is