Examveda
Examveda

___________ is a summary of all functional budgets in a capsule form.

A. Functional Budget

B. Master Budget

C. Long Period Budget

D. Flexible Budget

Answer: Option B

Solution(By Examveda Team)

Master Budget is a summary of all functional budgets in a capsule form. Master Budget, in a broader sense, is a summary budget incorporating all financial budgets in a capsule form.

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