1. When discussing the roles of budgets a planning role in the budgeting process

1. When discussing the roles of budgets a planning role in the budgeting process includes:measuring outcomes against planned amountsdeveloping the master budgetassessing performancereporting actual amounts at the end of the budgeting period2. Operating budgets and financial budgets:combined form the master budgetare prepared before the master budgetare prepared after the master budgethave nothing to do with the master budget3. Discretionary expenditures:are usually planned for firstare amounts paid for the use of flexible resourcesare not determined by the organizations level of productionincrease in amount during periods of greater activity4. In __________ as one budget period passes planners delete that budget period from the master budget and add another one.zero-based budgetingperiodic budgetingincremental budgetingcontinuous budgeting