{"id":53867,"date":"2024-04-16T00:00:26","date_gmt":"2024-04-16T00:00:26","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=53867"},"modified":"2024-04-16T00:00:26","modified_gmt":"2024-04-16T00:00:26","slug":"___________-is-a-summary-of-all-functional-budgets-in-a-capsule-form","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/___________-is-a-summary-of-all-functional-budgets-in-a-capsule-form\/","title":{"rendered":"___________ is a summary of all functional budgets in a capsule form."},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Functional Budget&#8221; option2=&#8221;Master Budget&#8221; option3=&#8221;Long Period Budget&#8221; option4=&#8221;Flexible Budget&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>A. Functional Budget<\/strong><\/p>\n<p>A functional budget is a summary of all functional budgets in a capsule form. It is a financial plan that outlines the expected revenues and expenses for a specific period of time, usually one year. The functional budget is divided into several sections, each of which covers a different functional area of the business, such as sales, marketing, production, and finance.<\/p>\n<p>The functional budget is a valuable tool for planning and controlling a business&#8217;s finances. It helps to ensure that all departments are working towards the same goals and that the company is on track to meet its financial targets.<\/p>\n<p>The other options are incorrect because:<\/p>\n<ul>\n<li>A master budget is a comprehensive financial plan that includes all of the functional budgets, as well as other budgets, such as a capital budget and a cash flow budget.<\/li>\n<li>A long-period budget is a financial plan that covers a period of more than one year.<\/li>\n<li>A flexible budget is a budget that is adjusted to reflect changes in actual sales and expenses.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Functional Budget&#8221; option2=&#8221;Master Budget&#8221; option3=&#8221;Long Period Budget&#8221; option4=&#8221;Flexible Budget&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-53867","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>___________ is a summary of all functional budgets in a capsule form.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/___________-is-a-summary-of-all-functional-budgets-in-a-capsule-form\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"___________ is a summary of all functional budgets in a capsule form.\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Functional Budget&#8221; 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