Use this list of terms to complete the sentences that follow. Long-range plans Master budget Operating budgets Sales forecast Participative budgeting Financial budgets establish goals for the company's sales and production personnel. (a) The (b) b is a set of interrelated budgets that constitutes a plan of action for a specified time period. (c) reduces the risk of having unrealistic budgets. include the cash budget and the budgeted balance sheet. (d) The budget is formed within the framework of a (e) (f) f contain considerably less detail than budgets