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A budget is an end product of negotiations among senior and subordinate mangers because ________. senior managers want stiffer targets and subordinates want relatively easy

A budget is an end product of negotiations among senior and subordinate mangers because ________.
senior managers want stiffer targets and subordinates want relatively easy targets
budgeting is their mutual responsibility
senior managers are responsible for providing information on competitors performance and subordinate managers are responsible for information on external market conditions
senior managers alone cannot spare the time required for the budgeting process

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