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Which of the following about master budget is correct
1)the master budget cannot be amended once prepared
2)it the responsibility of operational managers to agree to the master budget
3) master budget preparation is usually the last stage after operating budgets are agreed
4) master budget is always prepared first before the operating budget
The correct answer of this question is (1) which I think is wrong I think it’s (3)
I agree – 3 is the more sensible answer.
