Which of the following statements is true?

1. A benefit from budgeting is that it forces managers to think about and plan for the future.
2. One of the weaknesses of budgets is that they are of little value in uncovering potential bottlenecks.
3. One disadvantage of budgeting is that budgeting makes it more difficult to coordinate the plans and activities of departmental managers.

Group of answer choices

Only statement I is true.

Only statement II is true.

All of the statements are true.

None of the statements are true.