7:34 For each of the following indicate yes if the item is an important budgeting guideline or no if it is not. 1. Employees should have the opportunity to explain differences from budgeted amounts. 2. Budgetary goals should be attainable. 3. Budgets should encourage employess to spend budgeted amounts on unnecessary items. 4. Budgets should understate budgeted sales and overstate budgeted expenses. 5. Budgeted goals should be challenging.

For each of the following indicate yes if the item is an important budgeting guideline or no if it is not. For each of the following indicate yes if the item is an important budgeting guideline or no if it is not