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 manufacturing, selling, administrative, and general expense 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 $a(n)$ :

Master budget

Kaizen budget.

Capital expenditures budget.

Continuous budget.

Operating budgeL