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  3. which of the following statement about budget is c

Which of the following statement about budget is correct? ...

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Accounting

  1. Which of the following statement about budget is correct?

    A static budget is never appropriate in evaluating a managers effectiveness in controlling costs.

    A static budget is a projection of budget data at a multiple levels of activity.

    A static budget is useful in controlling costs when cost behavior is fixed.

    Budgetary control involves the following steps: develop static budget, analyze differences between actual and budget result, take corrective action and modify historical record.

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