Which of the Following Statements About Budgeting Is False

question 137

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 long-range objectives.
• E)The master budget should only be prepared by top management.

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