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  3. which of the following is true about budgeting?

Which of the following is true about budgeting? ...

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Accounting

Which of the following is true about budgeting?
Answers: a.

Capital budgets face less uncertainty than operating budgets, so capital budgets generally do not include sensitivity analysis.
b.

Sensitivity analysis for an capital budgets usually takes the form of flexing the budget based on different levels of sales volume.
c.

Flexible budgets are important for both planning and performance evaluation.
d.

Budgets help small firms share decentralized knowledge more than large firms.

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