Question: A master budet: a. Drops the current month or quarter and adds a future month or quarter as the current month or quarter is completed.

A master budet:

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. Presents the plan for a range of activity so that the plan can be adjusted for changes in activity levels.

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