a. Static budget b. Flexible budget c. Master budget d. Sales budget e. Production budget f. Planning g. Directing h. Controlling i. Budgetary slack j. Goal conflict k. Budget 1. Capital expenditures budget m. Sales budget n. Production budget o. Cash budget p. Budgeted balance sheet 1. Integrated set of operating and financing budgets for a period of time 2. Begins by estimating the quantity of sales 3. Shows expected results at several activity levels 4. Estimates the number of units to be manufactured to meet sales and inventory levels 5. Shows expected results at only one activity level 6. Actions to achieve budgeted goals 7. Setting goals 8. Occurs when budgets are too loose 9. Occurs when employee self-interests are different from company goals 10. Compares actual performance against budgeted goal 11. An accounting report that presents predicted amounts of the company's assets, liabilities, and equity as of the end of the budget period 12. Plans an important role for organizations in planning, directing, and controlling a company's future goals 13. A plan showing the units of goods to be sold and the sales to be derived; usually the starting point in the budgeting process 14. A plan that lists dollar amounts to be spent on purchasing additional plant assets to carry out the budgeted business activities 15. A plan showing the number of units to be produced each month 16. A plan that shows the expected cash inflows and outflows during the budget period, including receipts from loans needed to maintain a minimum cash balance and repayments of such loans