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In: Accounting

Which of the following is an advantage of the budgeting process? It focuses on the needs...

Which of the following is an advantage of the budgeting process?

It focuses on the needs of customers and ensures that they receive good service and high-quality products at a fair price.

It can force management to focus on the past and not be distracted by current activities of the organisation.

It can help facilitate goal congruence throughout the organisation.

It may lead to managers introducing budgetary slack.

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