A combined set of operational budgets and a set of financial budgets for the entire organization is known as a a. master budget. b. constant budget. c. month-to-month budget. d. flexible budge

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A combined set of operational budgets and a set of financial budgets for the entire organization is known as a a. master budget. b. constant budget. c. month-to-month budget. d. flexible budge

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Answer:

  1. master budget

Explanation to the answer

A combine budget that is called master budget, it is  aggregation for all other lower level budgets which are  produced by the company’s different  functional areas and which includes operational budgets and a set of financial budgets for the entire organization .In other words it is include budgeted financial statements, operational budgets ,cash forecast,  financing plan etc.

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