Effective objectives should be all of the following EXCEPT which one of the following?

A firm's collection period is 46 days; its overall terms are 30 days. This indicates _____

a. slow-turning accounts receivable b. fast-turning accounts receivable c. average-turning accounts receivable d. full paying of accounts payable

A master budget ________

A) is the initial plan of what the company intends to accomplish in the period and evolves from both the operating and financing decisions B) is a substitute for the management functions of planning and coordination C) improves companies' market capitalization and evolves from both the investing and financing decisions D) provides an ethical framework for decision making