Use this list of terms to complete the sentences that follow.

Long-range plans		Master budget		Operating budgets
Sales forecast		Participative budgeting		Financial budgets

(a)		select a term Master budgetFinancial budgetsParticipative budgetingOperating budgetsSales forecastLong-range plans establish goals for the companys sales and production personnel.
(b)		The select a term master budgetlong-range plansfinancial budgetsoperating budgetssales forecastparticipative budgeting is a set of interrelated budgets that constitutes a plan of action for a specified time period.
(c)		select a term Master budgetFinancial budgetsParticipative budgetingLong-range plansSales forecastOperating budgets reduces the risk of having unrealistic budgets.
(d)		select a term Long-range plansParticipative budgetingOperating budgetsSales forecastFinancial budgetsMaster budget include the cash budget and the budgeted balance sheet.
(e)		The budget is formed within the framework of a select a term sales forecastfinancial budgetsmaster budgetoperating budgetslong-range plansparticipative budgeting.
(f)		select a term Sales forecastParticipative budgetingFinancial budgetsMaster budgetLong-range plansOperating budgets contain considerably less detail than budgets.

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