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A budget is the primary method of communicating agreed-upon objectives throughout an organization. ignores past performance...

A budget

  1. is the primary method of communicating agreed-upon objectives throughout an organization.
  2. ignores past performance because it represents management’s plans for a future time period.
  3. may promote efficiency but has no role in evaluating performance.
  4. is the responsibility of management accountants.
Business   Accounting   
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