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45. In a top-down approach to budgeting, what occurs? A) The production budget is developed before the sales budget. B) The upper-level managers impose a

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45. In a top-down approach to budgeting, what occurs? A) The production budget is developed before the sales budget. B) The upper-level managers impose a budget without soliciting input from department managers. C) Lower-level managers are the primary source of information used in setting the budget. D) Each budget amount projected by upper-level managers is approved or disapproved by lower-level managers

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