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 long-term objectives as covered by the planning cycle.