Which of the Following Statements Is Not True

Which of the following statements is not true?

A) Budgetary participation refers to the degree to which managers are involved in setting the budgetary targets for which they will be held accountable for.
B) Budgets can always serve as a strong basis for appraising performance.
C) Management rewards that result from achieving budgetary targets include salary increments, promotion, and enhanced peer and self esteem.
D) Failure to achieve a budgeted sales level can compromise planning and result in wasted resources.
E) Psychological researchers suggest that higher motivation results when targets are just beyond reach, but not so hard that the manager views them as unreasonable.