Guidance for preparing a master budget is usually the responsibility of:

A) The company CEO.
B) The marketing department.
C) A budget committee.
D) The chief financial officer.
E) Lower level management.

Question

Gwyneth Uriarte · Accepted Answer

Final Answer : C, Explanation :  The responsibility for preparing a master budget usually rests with a budget committee, which is typically made up of members from various departments within the organization. The budget committee is responsible for gathering information, setting goals and targets, and developing the budget. While senior management may provide overall guidance and direction, the budget committee is typically responsible for the day-to-day preparation and management of the budget.

Guidance for preparing a master budget is usually the responsibility of:

A) The company CEO.
B) The marketing department.
C) A budget committee.
D) The chief financial officer.
E) Lower level management.

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Learning Objectives

Related questions

Guidance for preparing a master budget is usually the responsibility of:A) The company CEO.B) The marketing department.C) A budget committee.D) The chief financial officer.E) Lower level management.

Definitions

Learning Objectives

Learning Objectives

Related questions

Guidance for preparing a master budget is usually the responsibility of:

A) The company CEO.
B) The marketing department.
C) A budget committee.
D) The chief financial officer.
E) Lower level management.