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Which one of the following best describes the role of top management in the budgeting process? Top management A. Should be involved only in the
Which one of the following best describes the role of top management in the budgeting
process? Top management
A. Should be involved only in the approval process.
B. Lacks the detailed knowledge of the daily operations and should limit their involvement.
C. Needs to be involved, including using the budget process to communicate goals.
D. Needs to separate the budgeting process and the business planning process into two separate
processes.
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