Which of the following statements about budgeting is not true?
A) Budgeting is an aid to planning and control.
B) The operating budget should be prepared by top management, rather than mid-management personnel, because they have the overall objectives of the company in mind.
C) Budgets help to coordinate the activities of the entire organization.
D) Budgets promote communication and coordination between departments in an organization.
Correct Answer:
Verified
Q16: The financial budget projects the collection and
Q17: Most companies use _ when the lower
Q18: A rolling budget is useful because the
Q19: Strategic planning involves setting short-term goals that
Q20: A rolling budget is a budget that
A)extends
Q22: All of the following are functions of
Q23: The _ budget is a component in
Q24: Managers may intentionally build slack into the
Q25: Which of the following is NOT a
Q26: Which of the following is an advantage
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