Which of the Following Statements About Budgeting Is False

question 73

Multiple Choice

Which of the following statements about budgeting is false?

• A) The master budget should only be prepared by top management.
• B) Budgeting forces managers to think ahead and formalize future objectives.
• C) Budgets help coordinate the activities of the entire organization.
• D) Budgeting is an aid to planning and control.
• E) Budgets create standards for performance evaluation.

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