A summary budget, one that contains the combined information of the flexible and operating budgets and is compiled annually for the consideration of upper management, is called a

-master
-operating
-industry standard
-start up
-accounting

master

Explanation:

A master budget is an integration of all other functional budgets such as sales, purchases, marketing, and production. It is prepared when all the other budgets have been completed. The master budget is a summary budget that indicates the planned activities of the business for the coming period.

Master budgets have to be approved by the top management before implementation. A Master Budget shows the projected operating profit of the company for the coming financial period. It also portrays how the balance sheet will be at the close of the period.

don't use it that much