Multiple choice

Directions: Choose the correct option for the given question.

______ is the budget incorporating all the component functional budgets.

  1. Sales budget

  2. Production budget

  3. Capital budget

  4. Master budget

  5. Summary budget
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The master budget is the comprehensive budget that consolidates all functional budgets, such as sales, production, materials, and cash budgets, into a single financial plan for the organization.

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