e) $19,800 Which of the statements below is (or are) true? i. A participative budgeting process will likely result in the use of stretch targets, compared to when a top-down budgeting process is used. iA rolling 12-month budget is one for which a forecast for one month is added the ena of the budget as each actual month comes to a close a) Both (i) and (ii). b) Neither (i) nor (ii). c) Only (i). d) Only (ii). l L ttament is incorrect regarding decentralization