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Which one of the following is true of participative budgeting? Development is less time-consuming It is developed using a top-down approach- wrong Lower-level management can

Which one of the following is true of participative budgeting?

  1. Development is less time-consuming
  2. It is developed using a top-down approach- wrong
  3. Lower-level management can provide more accurate estimates
  4. Lower-level management may feel budgets are unrealistic.

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