Describing a Master Budget can include all the following terms except:

1. A business plan for the forthcoming year (or less). 

2. A business model that allows for revisions once it’s been approved. 

3. A quantitative expression of management's plans. 

4. A summary of the planned activities of all subunits of an organization. 

5. None of the above.

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The right option of this question is option 2 A business model that allows for revis... View the full answer