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21. T.F. When managers plan, they use budget information to review variances that suggest waste...

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Accounting

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21. T.F. When managers plan, they use budget information to review variances that suggest waste in operating activities T.F. During the year, managers use budget information to communicate expectations about performance, to measure performance and motivate employees and to coordinate activities and allot resources. T.F. events in financial terms. T.F. results 23. A budget is a plan of action that reflects historical transactions, activities, and 24. Performance reports are used to compare actual operating results with planned

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