1 point True or false: Cash budgeting is done by senior accountants/managers - front-line managers may have input into this process as they have intimate knowledge of specific business activities. O True O False The Balanced Scorecard approach to analyzing an organization's success deals with 1 point O historical indicators only O future cash flow projections O Flexible budget variance analyses O both historical and future oriented indicators True or false: To prepare an accurate budget you should take last year's numbers and adjust for price inflation ONLY. 1 point True False