Circle the right answer. Operating budgets and financial budgets: combined form the master budget are prepared before the master budget are prepared after the master budget have nothing to do with the master budget Budgeting is used to help companies: plan to better satisfy customers anticipate potential problems focus on opportunities All of these answers are correct. A master budget: includes only financial aspects of a plan and excludes nonfinancial aspects is an aid to coordinating what needs to be done to implement a plan includes broad expectations and visionary results should not be altered after it has been agreed upon A budget can do all of the following EXCEPT: promote coordination among subunits determine actual profitability motivate managers motivate employees It is advantageous to coordinate budgets with: suppliers customers the marketing and production departments All of these answers are correct