Multiple Choice
Which of the following statements is correct?
A) Long-range planning is just another term for budgeting.
B) Budgeting and long-range planning differ with respect to emphasis, detail and time period.
C) The only difference between budgeting and long-range planning is the time frame.
D) Budgeting is the first step in long-range planning.
Correct Answer:
Verified
Correct Answer:
Verified
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