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Which of the following statements about budgeting is most correct? a. Budgets are prepared only at the aggregate (organizational) level. b. All budgets are for
Which of the following statements about budgeting is most correct?
a. Budgets are prepared only at the aggregate (organizational) level.
b. All budgets are for annual (one-year) periods.
c. Budgets are used for planning, communication, and control.
d. All budgets have to follow the same timing pattern.
e. Bottom-up budgets begin at senior management level.
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