Exercise $20-1($Static$)$ Budget language LO C$1$

Select each of the terms with the best description of its purpose.

Helps determine financing needs.

The usual starting point in the master budget process.

A report that shows predicted revenues and expenses for a budgeting period.

A budgetary cushion used to meet performance targets.

A comprehensive plan that consists of several budgets that are linked.

Employees affected by a budget help in preparing it$.$