The major objectives of any budget system are to: (C adapted O define responsibility centers, facilitate the fixing of blame for missed budget predictions, and ensure goal congruence between superiors and subordinates O foster the planning of operations, facilitate the fixing of blame for missed budget predictions, and ensure goal congruence between superiors and subordinates. O define responsibility centers, provide a framework for performance evaluation, and promote communication and coordination among organization segments, O foster the planning of operations, provide a framework for performance evaluation, and promote communication and coordination among organization segments, Which of the following terms is not an alternative for a master budget? O O O O Static budget Budget plan Planning budget Profit plan The number of units required for production is equal to O budgeted sales plus units in the ending Inventory minus the units in the beginning inventory budgeted sales plus units in the beginning inventory minus the units in the ending inventory O budgeted sales plus the units in the ending inventory O budgeted sales minus the units in the beginning inventory A master budget O presents the plan for a range of activity so that the plan can be adjusted for changes in activity levels O drops the current month or quarter and adds a future month or quarter as the current month or quarter is completed O presents the plan for only one level of activity and does not adjust to changes in the level of activity O presents a statement of expectations for a period of time but does not present a firm commitment