Functional budget
Master budget
Expenditure budget
None of these
Answer is Right!
Answer is Wrong!
The correct answer is: A. Functional budget.
A functional budget is a financial plan that outlines the revenue and expenses for a specific department or function within a company. It is one of the key components of a master budget, which is a comprehensive financial plan for an entire company.
A sales budget is a type of functional budget that projects the sales revenue that a company expects to generate in a given period of time. It is based on factors such as the company’s sales history, the current economic climate, and the marketing and sales strategies that the company plans to implement.
The other options are incorrect because:
- A master budget is a comprehensive financial plan for an entire company, and it includes all of the functional budgets, such as the sales budget.
- An expenditure budget is a financial plan that outlines the expenses that a company expects to incur in a given period of time. It is not the same as a sales budget, which projects revenue.
- None of these is a functional budget.