The responsibility for coordinating the preparation of a master budget should be assigned to the chief executive officer.

Name: The responsibility for coordinating the preparation of a master budget should be assigned to the chief executive officer.
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Question

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While the CEO may have final approval of the budget, the responsibility for coordinating the preparation of a master budget is usually assigned to the budget committee or to the finance or accounting department within the organization.

The Responsibility for Coordinating the Preparation of a Master Budget