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budget is an end product of negotiations among senior and subordinate mangers because ________. ...

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Question

Accounting

budget is an end product of negotiations among senior and subordinate mangers because ________.

A.

senior managers want very challenging targets, while subordinates may want targets that are relatively easier to achieve.

B.

senior managers alone cannot spare the time required for the budgeting process

C.

budgeting is their mutual responsibility

D.

senior managers are responsible for providing information on competitors performance and subordinate managers are responsible for information on external market conditions

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