(ay establish goals for the company's sales and production personnel. The (b) master budget 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. include the cash budget and the budgeted balance sheet (d) Financial budgets le) The budget is formed within the framework of a (f) contain considerably less detail than budgets, # Jack and Jill want to start a bulsness and deduct expenses on their personal income tax, they should choose which form of business? O general partnership sole proprietorship corporation limited liability partnership