A budget committee is primarily responsible for overseeing the budget process and approving the master budget.

Question

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A budget committee typically consists of key stakeholders and financial experts who oversee the budget process and ensure that the master budget aligns with the organization's strategic goals and objectives. They are responsible for reviewing and approving the budget proposals, making necessary adjustments or recommendations, and monitoring the overall financial performance throughout the year.

A Budget Committee Is Primarily Responsible for Overseeing the Budget