A master budget is a detailed and comprehensive analysis of an organization s long and short term goals.
Identify the major inputs (types of supporting budgets) to the master budget and the usefulness of each.
Who are the participants in the budgeting process?
What is a zero based budget and when might it be helpful?
Differentiate between a flexible and a static budget.
Under what circumstances might you use one or the other?
Which budget might be the first one a company needs to prepare?
Maximum 1,000 words;
reference for citations/quotes required where appropriate
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