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41. Which of the following statements regarding approaches to budgeting is(are) true? I. Most managers believe that successful budgeting requires a bottom-up approach. II. A

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41. Which of the following statements regarding approaches to budgeting is(are) true? I. Most managers believe that successful budgeting requires a bottom-up approach. II. A top-down approach involves substantial input from lower-level managers. A. Only I B. Only II C. Both I and II D. Neither I nor

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