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When budgeted amounts are set at reasonable and achievable levels: Multiple Choice Meeting the budgeted amounts ensures a maximum level of profitability. Failure to stay

When budgeted amounts are set at reasonable and achievable levels:

Multiple Choice

Meeting the budgeted amounts ensures a maximum level of profitability.

Failure to stay within the budget is viewed as an unacceptable level of performance.

A highly efficient department should fall slightly short of budget standards.

They reflect a "total quality management" philosophy of management.

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