Multiple Choice
Which of the following statements about budgeting is false?
A) Budgeting is an aid to planning and control.
B) Budgets create standards for performance evaluation.
C) Budgets help coordinate the activities of the entire organization.
D) Budgeting forces managers to think ahead and formalize future objectives.
E) The master budget should only be prepared by top management.
Correct Answer:
Verified
Correct Answer:
Verified
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