With one exception, the following objectives are accomplished by budgeting. Which of these statements is NOT true about budgeting objectives? Shows management's operating plans for the coming period. Locks in company spending for the period. Forces all levels of management to think ahead, anticipate results, and take action to remedy poor results. Formalizes management's plans in quantitative terms. With one exception, the following objectives are accomplished by budgeting. Which of these statements is NOT true about budgeting objectives? Shows management's operating plans for the coming period. Locks in company spending for the period. Forces all levels of management to think ahead, anticipate results, and take action to remedy poor results. Formalizes management's plans in quantitative terms