prepare operational budgets

7: Are the following 10 statements True or False? True False a) Budgets can only be expressed in dollars and cent b) The further into the future you plan, the outcomes become more qualitative than quantitative. c) Budgeting is a computational exercise carried out only by accountants. d) You should not let staff become involved in setting goals as they will set levels of performance that are easy to achieve. e) Future uncertainty can be measured by assigning probabilities to possible outcomes. f) A well-prepared budget means you will achieve your goals. g) Budget control means staff who fail to meet their given targets will be punished h) A master budget represents a series of budgets covering all aspects of the organization. i) Top down budget involves minimum staff participation X j) A statie bude me and det budget figures cannot be changed during X