tion 3 ret ered ed out of g ion Which of the following statements is false? Select one: O a. Budgeting forces managers to think about and plan for the future. b. According to responsibility accounting, a manager should be held responsible for those items-and only those items-that the manager can actually control to a significant extent. c. One benefit of following a well-designed budgeting process is Improved performance evaluations. Od. Budgets are of little value in uncovering potential bottlenecks. 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. ion 4 et ered ed out of 9 ion Which of the following represents a proper sequencing (correct order) in which the budgets below are prepared? Select one: a. None of the given answers b. Sales, Balance Sheet, Direct Labor Oc. Production, Sales, Income Statement d. Sales, Direct Material Purchases, Cash e. Sales, Manufacturing Overhead, Production