Answer is not complete.

$1.$TheMaster budgetselected answer correctis a set of interrelated budgets that constitutes a plan of action for a specific period$\mathrm{.}2.$Thenot attemptedestablish goals for the company$$s sales and production personnel$\mathrm{.}3.$A$($n$)$Participativeselected answer correctapproach to budgeting is more likely to motivate people to work toward an organization$$s goal than a$($n$)$Top$-$downselected answer correctapproach$\mathrm{.}4.$Managers who intentionally understate expected sales or overstate expected expenses are creatingBudgetary slackselected answer correct$5.$Comparing actual results to budgeted plans is an example of management performing itsControlselected answer correctfunction$\mathrm{.}6.$The starting point for preparing the master budget is theSales forecastselected answer correct$7.$TheBudgeted income statementselected answer correctprovides information about a company$$s expected revenue, expenses, and profitability for a period of time$\mathrm{.}8.$Using a$($n$)$Rolling budgetselected answer correctwhen one budget period passes, another is automatically added at the end$\mathrm{.}9.$TheBudgeted balance sheetselected answer correctprovides information about a company$$s expected financial position at a specific point in time$\mathrm{.}10.$Once theProduction budgetselected answer correcthas been prepared, the direct materials purchases, the direct labor, and the manufacturing overhead budgets can be prepared.