Select each of the terms with the best description of its purpose. Terms Definitions 1. Management's use of budgets to see that planned objectives are met. 2. A plan showing units to be sold; the usual starting point in the master budget process. 3. A budgetary cushion used to meet performance targets. 4. Budgets that are revised by adding a new quarterly budget to replace the quarter that just elapsed. 5. A report that shows predicted balances of assets. liabilities and equity at the end of a budget period. 6. Shows the number of units for a manufacturer to produce in a period. 7. A report that shows predicted revenues and expenses for a budgeting period. 8. Employees affected by a budget help in preparing it