The master budget is a detailed and comprehensive analysis of the ________ of the ________ plan.
A) first month; activity-based strategic
B) first month; strategic
C) first year; continuous
D) first year; long-range

Question

Quizplus · Accepted Answer

The master budget is typically created for a period of one year and includes all of the financial and operational details of the organization's long-range plan. Therefore, the best choice is D, first year and long-range. Choices A, B, and C are incorrect because they do not fully capture the scope and duration of the master budget.

The Master Budget Is a Detailed and Comprehensive Analysis of the ________