Which of the following statements correctly defines a master budget system? A comprehensive budgeting system that shows every aspect of an A. organization's revenue and cost flows and results in the preparation of pro forma financial information. A budgeting system used when a project is completely separate from other B. components of a company's operations or is the only component of the company. A budgeting system where activities are the focus, not departments, products, or services. D. A budgeting system used to show the budget that would have been prepared if the organization knew in advance what its actual sales would be