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Which one of the following is necessary if a company expects its budget to be effective? The budget amounts must be based on those of
Which one of the following is necessary if a company expects its budget to be effective?
The budget amounts must be based on those of previous accounting periods.
The company must have a sound organizational structure.
Managers must be held responsible for controllable and uncontrollable costs.
The companys budget should be a good substitute for management.
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