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Which of the following would not be an effective budgeting practice? A. Allowing managers to build 'hedges' into their budgets to guard against adverse circumstances.
Which of the following would not be an effective budgeting practice?
A.
Allowing managers to build 'hedges' into their budgets to guard against adverse circumstances.
B.
Use a rolling budget
C.
Prepare budgets for uses that are mostly planning related and to a lesser extent, performance evaluation related.
D.
Where ever possible, take into consideration external benchmarks.
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