Questions:1 Match term to definition Operating budgets. Budget A Budgeted Income Statement Master Budget A benefit of budgeting Financial budgets 1. a formal written statement of management's plans for a specified future time period, expressed in financial terms. 2. The ---- ------Set of interrelated budgets that constitutes a plan of action for a specified time period.: 3. Individual budgets that result in the preparation of the budgeted income statement - establish goals for sales and production personnel. 4. ---- The capital expenditures budget, the cash budget, and the budgeted balance sheet - focus primarily on cash needs to fund operations and capital expenditures. 5. :------ -----An early warning system is provided for potential problems