Final answer:
The budget that is prepared at the end of the budget-construction cycle is the budgeted financial statements. This comprehensive document includes forecasted income, expenses, cash flows, and financial health, coming after all other specific budgets like sales, production, and cash budgets have been created.
Step-by-step explanation:
The question you've asked relates to the process of budget construction within a business context. When we talk about the final stages of this process, we typically refer to the summary and culmination of all previous budgets, which would ultimately be represented in the budgeted financial statements. These statements provide a comprehensive view of the business’s financial activities and forecasted financial position, including expected income, expenditures, cash flows, and financial health for the upcoming period.
As the question specifically asks which budget is prepared at the end of the budget-construction cycle, the correct answer is C. Budgeted financial statements. This is because, only after all the individual budgets like the sales budget, production budget, overhead budget, and the cash budget have been formulated, can the budgeted financial statements be prepared. These statements would typically include the budgeted income statement, budgeted balance sheet, and budgeted cash flow statement, bringing together all aspects of the organization's budgeting process.