1. What is a budgetary control? 2. Discuss some of the major benefits to be gained from budgeting. 3. What is a master budget? 4. Describe the flow of budget data in an organization. Who are the participants in the budgeting process, and how do they participate? 5. How can budgeting assist a company in planning its workforce staffing levels? 6." As a practical matter, planning and control mean exactly the same thing." Do you agree? Explain. 7. Budgets are half-used if they serve as planning device? Explain. 8. What are the two major features of a budgetary program? Which feature is more important? Why? 9. Explain briefly how a budget can be used in costing products. 10. Why must sales and production be coordinated? 11. How can a labor hour budget be translated into a labor cost budget? 12. How are long-range plans for the acquisition of plant assets included in current budgets? 13. What is a budget period? Is a budget prepared for a month, for a year, or for some other interval of time? Explain. 14. What is a rolling, continuous, or progressive budget? 15. Explain how a comparison of actual results with a budget can be applied in control of operations. 16. Can a comparison of actual results with a budget lead to better future budgets? Explain. 17. What is a self-imposed budget? What are the major advantages of self-imposed budgets? What caution must be exercised in their use? 18. "The principal purpose of the cash budget is to see how much cash the company will have in the bank at the end of the year." Do you agree? Explain. 19. How does zero-based budgeting differ from traditional budgeting