Consider the following budgets and budget types:

Cash	Cost of Goods Sold
Flexible	Master
Operational	Sales
Static	Strategic

Which budget or budget type should be used to meet the following needs?

1. Upper management is planning for the next 5 years. Strategic Budget
2. A store manager wants to plan for different levels of sales. Flexible Budget
3. The accountant wants to determine if the company will have sufficient funds to pay expenses.
4. The CEO wants to make companywide plans for the next year.