Effective budgeting depends on

(a)

(b)

(c)

Length of the Budget Period.

1. A budget may be prepared for any period of time. Various factors influence the length of the budget period.

(a)

(b)

(c)

(d) .

F. Budgeting and Long-Range Planning.

1. Differences between budgeting and long-range planning:

a.

b.

c. .

2. The primary objectives of long-range planning are _____________________

__________________________________________________________

The Master Budget.

1. The master budget is _________________________________________

__________________________________________________________

2. Sales Budget: The sales budget is ________________________________

a.

b.