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4. Budgetary control involves: a) Creating a budget without any flexibility. b) Comparing actual performance to budgeted amounts and taking corrective actions. c) Setting budget

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4. Budgetary control involves: a) Creating a budget without any flexibility. b) Comparing actual performance to budgeted amounts and taking corrective actions. c) Setting budget targets and never revising them. d) Elliminating all budget variances. e) None of the above 5. In an imposed budgeting process: a) The budget is created by top management without input from lower-level employees. b) Employees are not involved in the budgeting process at all. c) Employees at all levels are actively involved in the budgeting process. d) Only financial analysts are involved in budget creation. e) The budget is created by lower management with input from lower-level employees and imposed on top management

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