Final answer:
The correct answer is e. master budget. It is a budgeting method where an additional month in the future is added as one month expires, ensuring that the company always has a 12-month plan on hand.
Step-by-step explanation:
The correct answer is e. master budget. In a master budget, as one month expires, an additional month in the future is added to the budget so that the company always has a 12-month plan on hand. This allows the company to plan and allocate resources effectively for the upcoming year. The master budget includes all the individual budgets for different departments or functions within the company, such as the sales budget, production budget, and cash budget.