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Which of the following is true? A. A budget committee is responsible for developing an estimated budget. B.The annual budget planning process usually takes about

Which of the following is true?

A. A budget committee is responsible for developing an estimated budget.

B.The annual budget planning process usually takes about 3 or several months to prepare.

C.The sales budget is the first budget developed by the budget committee.

D.The budget process included planning, directing and controlling. Then this process is reviewed on a regular basis.

E.All of the above are true.

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