When higher level management fails to review self-imposed budgets, which one of the following is likely to Occur: O a. Management will be able to identify faulty employees O b. None of the given answers c. Key budgeted figures such as revenues and expenses may intentionally be understated or overstated. O d. Might cause lower-level managers to create unbiased budgets e. Proper use of budgets.
When higher level management fails to review self-imposed budgets, which one of the following is likely to Occur: O a. Management will be able to identify faulty employees O b. None of the given answers c. Key budgeted figures such as revenues and expenses may intentionally be understated or overstated. O d. Might cause lower-level managers to create unbiased budgets e. Proper use of budgets.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:When higher level management fails to review self-imposed budgets, which one of the following is likely to
ОCcur:
а.
Management will be able to identify faulty employees
O b. None of the given answers
O c.
Key budgeted figures such as revenues and expenses may intentionally be understated or
overstated.
O d. Might cause lower-level managers to create unbiased budgets
O e. Proper use of budgets.
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