Master budget schedules refers to the collection and aggregation of all budgets that are prepared by the different departments of an organization. Thus, the correct answer is C). answer several key questions for a company.
Master budget refers to the combination of all the smaller budgets within the business and convert them into one budget, so that comprehensive overview of the firm's finances can be made.
The master budget includes all other departments budgets to produce one single budget such as HR department, sales, marketing, purchase etc.
Thus, it can be concluded that the master budget schedules answer several questions related to the different department of a company.
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