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Revision of a Completed and Approved Budget

Question 23

Multiple Choice

Revision of a completed and approved budget:


A) Should be conducted whenever actual events differ significantly from those envisioned when the budget was prepared.
B) Reduces employee commitment to achieve budgeted performance.
C) Should be discouraged.
D) May discourage diligence in its initial preparation.
E) Is never needed under Kaizen budgeting.

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