Answer:
d. all of the above
Explanation:
Given that a master budget is a term that describes an extensive financial plan that covers all components of a business firm's actual plan in terms of finances.
Some of the components the master plan covers include production budget, capital expenditures budget, sales budget, budgeted financial statement, etc.
This master budget can be used by firms to formulate their goals.
Hence, in this case, the correct answer is "All of the above." Because it involves all the other options in the question. ( production budget, capital expenditures budget, sales budget)
