Important partial information may be reported before all information is available for a periodic report (1 point) - A. B. C. D. E. F. G. H. I. J. The purpose of creating a formal plan and translating goals into a quantitative format is called (1 point) - A. B. C. D. E. F. G. H. I. J. Medium-term action plan for achieving an organization's objectives. (1 point) - A. B. C. D. E. F. G. H. I. J. An integrated plan of action for the firm as a whole, quantifying details of operations and resources (1 point) - A. B. C. D. E. F. G. H. I. J. Statement of long-term goals along with a definition of the strategies and policies which will ensure achievement of these goals (1 point) - A. B. C. D. E. F. G. H. I. J. Required for problem situations or if a negative trend exists such as cost keep rising even though a cost reduction program has been implemented (1 point) - A. B. C. D. E. F. G. H. I. J. Budget categories assume a single level of activity (1 point) - A. B. C. D. E. F. G. H. I. J. Prepared at regular intervals (1 point) - A. B. C. D. E. F. G. H. I. J. A budget that is updated regularly by adding a new increm