A Comprehensive or Overall Formal Plan for a Business That

Multiple Choice

A comprehensive or overall formal plan for a business that includes specific plans for expected sales, the units of product to be produced, the merchandise or materials to be purchased, the expenses to be incurred, the long-term assets to be purchased, and the amounts of cash to be borrowed or loans to be repaid, as well as a budgeted income statement and balance sheet, is called a:

A) Master budget.
B) Cash budget.
C) Capital expenditures budget.
D) Rolling budget.
E) Production budget.