Question 30 2 ponts Which of the following is true? Effective budgeting can be done in an organization where authority and responsibility are not clearly defined if the budget numbers are fairly accurate. Effective budgeting can be done on the basis of rough guesses and hopes because no one really knows what will happen in the future Effective budgeting requires acceptance by all levels of management. Question 31 (2 points) d What is the correct sequence to prepare the following budgets? selling and administrative expense budget cash budget production budget budgeted income statement production, selling and administrative expense, cash, income statement cash, selling and administrative expense, production, income statement production, income statement, selling and administrative expense, cash production, selling and administrative expense, income statement, cash