Which of the following is not a benefit of a careful and thorough budgeting process?...
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Accounting
Which of the following is not a benefit of a careful and thorough budgeting process?
The budget may provide advance warning of pending problems
Budgeting increases management's awareness of the company's external economic environment.
Budgeted net income assures the company of operating profitably.
Budgets provide a yardstick for evaluating future performance.
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