a. According to responsibility accounting, all managers should be held responsible for all asbects of the master budget. b. Budgets helps uncover potential bottlenecks. c. One benefit of following a well-designed budgeting process is Improved performance evaluations. d. Budgeting forces managers to think about and plan for the future. e. Budgeted cash collections typically consist of collections on sales made to customers in prior periods plus collections on sales made in the current budget period. Question 8 Clear my choice Not yet ans Marked out Which of the following statements is false? Select one: a. A self-imposed budget is a budgeting process wherein top management prepares the budget and imposes it to lower-level managers for implementation b. The number of units to be produced in a period can be determined by adding the expected sales (in units) to the desired ending inventory (in units) and then deducting the beginning inventory (in units). c. In the merchandise purchases budget, the required purchases (in units) for a period is equal to the budgeted sales (in units) minus the beginning merchandise inventory (in units) plus the desired ending merchandise inventory (in units). d. The amount of raw materials to be purchased in a period can be determined by adding the desired ending inventory for raw materials to the production needs and then deducting the beginning inventory for raw materials.