Which of the Following Statements About Budgeting Is False

question 23

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.

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Definitions:

Mona Lisa

A renowned portrait painting by Leonardo da Vinci, widely recognized for its enigmatic expression, housed in the Louvre Museum in Paris.

Depth Cue

Visual information that helps perceive the distance or three-dimensionality of an object or scene.

Binocular Disparity

The difference in images between the two eyes, which allows for depth perception.

Texture Gradients

A visual cue in perception where objects closer to the viewer show more detailed texture, aiding in depth perception.