uppluphate letter for the correct/best answers. 1. Which of the following is not a benefit of budgeting? a. it reduces the need for tracking actual cost activity b. it sets benchmarks for evaluation performance c, it uncovers potential bottlenecks d. it formalizes a manager's planning efforts 2. A budget that is prepared with the full cooperation and participation of managers at all lev is called a a. participating budget b. Zero based budget . Perpetual budget Production budget The key budget, that drives all other budgets, is the ales budget roduction budget rect labor budget rect materials budget l Company makes collections on sales according to the following schedule