Which of the following statements about a master budget is false? Select one: O a. A master budget includes individual budgets for sales, production or purchases, various expenses, capital expenditures, and cash. o b. The sales budget is the first budget prepared within a master budget. O c. The number and types of budgets included in a master budget depend on the company's size and complexity. O d. Larger, more complex organizations usually require a longer time to prepare their budgets than smaller organizations because of the considerable effort to coordinate the different units within the business. e. The types and sequence of the budgets included in a master budget are dictated by GAAP