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

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 the plan for only one level of activity and does not adjust to changes in the level of activity c. presents the plan for a range of activity so that the plan can be adjusted for changes in activity levels d. divides the activities of individual responsibility centers into a series of packages which are ranked ordinally

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