A master budget a) drops the current month or quarter and adds a future month or

Question

A master budget
a) drops the current month or quarter and adds a future month or quarter as the current month or quarter is completed.
b) presents a statement of expectations for a period of time but does not present a firm commitment.
c) presents the plan for only one level of activity and does not adjust to changes in the level of activity.
d) presents the plan for a range of activity so that the plan can be adjusted for changes in activity levels.
e)divides the activities of individual responsibility centers into a series of packages which are ranked ordinally.

Explanation / Answer

d)

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