Which of the following is true of master budgets? A. They include only financial aspects of a plan and exclude nonfinancial aspects. B. Includes both operating and financial aspects of management's plans. C. They include only operating budgets. D. They include long-run strategic plan. The operating budget process generally starts with forecast, and concludes with A. production; budgeted cash flow statement B. cost; budgeted income statement C. cash; budgeted balance sheet D. sales; budgeted income statement