Use this list of terms to complete the sentences that follow.
1.Long-range plans
2.Master budget
3.Operating budgets
4.Sales forecast
5.Participative budgeting
6.Financial budgets
a._____establish goals for the company's sales and production personnel.
b.The_____is a set of interrelated budgets that constitutes a plan of action for a specified time period.
c._____reduces the risk of having unrealistic budgets.
d._____include the cash budget and the budgeted balance sheet.
e.The budget is formed within the framework of a_____
f._____contain considerably less detail than budgets.