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Which of the following is true of budgeting? a . Budgeting forces management to plan for the future. b . Budgeting relies on the control
Which of the following is true of budgeting? a Budgeting forces management to plan for the future. b Budgeting relies on the control cycle to design the planning cycle for future action. c Budgeting eradicates the need for keeping a buffer against uncertainties in demand. d Budgeting creates a plan of action only in terms of production units. e Budgeting focuses only on longterm objectives as covered by the planning cycle.
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