1 Select each of the terms with the best description of its purpose. 2 points eBook Print References Definitions 1. Management's use of budgets to see that planned objectives are met. 2. Planning future business actions and expressing them as formal plans. 3. An approach that requires all expenses to be justified for each new budget. 4. The usual starting point in the master budget process. 5. A report that shows predicted revenues and expenses for a budgeting period. 6. Employees affected by a budget help in preparing it. Terms