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Multiple choice

True or False (if false, identify errors)

a) The objectives of budgeting and the functions to which they relate are:
1) establish specific goals=>planning
2) executing plans to achieve goals => Directing
3) Periodically comparing actual results established goals => Controlling

b) True or false: (If false, identify errors)
A zero-based budget reflects potential changes in the volume or activity level.

Solution Summary

The solution explains some multiple choice questions relating to budgeting

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