Which of the following statements about budgeting is false? Multiple Choice Budgets create...

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Accounting

Which of the following statements about budgeting is false?
Multiple Choice
Budgets create standards for performance evaluation.
The master budget should only be prepared by top management.
Budgeting forces managers to plan for the future.
Budgeting is the process of planning future business actions and expressing them as formal plans.
Budgets help coordinate the activities of the entire organization.

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