Multiple Choice
Which of the following is not true of a properly executed budgetary cycle?
A) deviations from plan are only investigated at the conclusion of the fiscal year as actual data can be finally compiled
B) past performance and market feedback are considered in setting budget amounts
C) specific financial and nonfinancial expectations are set
D) during the fiscal year, managers investigate deviations from plans
Correct Answer:
Verified
Correct Answer:
Verified
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