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Which of the following statements is correct regarding the purpose of planning and budgeting? It establishes challenging-but-achievable performance targets. It engages in long(er)-term thinking It

Which of the following statements is correct regarding the purpose of planning and budgeting?

  1. It establishes challenging-but-achievable performance targets.
  2. It engages in long(er)-term thinking
  3. It engages mangers in understanding the levers that impact the departments performance.
  4. All of above
  5. None of above

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