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Doctors Medicines MCQs Q&A

  1. annual budget
  2. operating budget
  3. specific budget
  4. master budget
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1 Answers

Answer: Option 4

Budget which specifies an operating and financial plan, usually for a fiscal year or any specific period of time is classified as master budget. The master budget is the aggregation of all lower-level budgets produced by a company's various functional areas, and also includes budgeted financial statements, a cash forecast, and a financing plan.

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