1. Some critics of budgeting believe that budgets are effective tools for planning but not for control purposes. What is the essence of this argument? 2. Why is the sales budget considered the...

1. Some critics of budgeting believe that budgets are effective tools for planning but not for control purposes. What is the essence of this argument?

2. Why is the sales budget considered the cornerstone of the organization’s master budget?

3. In addition to the sales budget, what information does a firm need to complete its materials purchases budget?