Which of the following statements is false? (You may select more than one answer.)

a. Control involves gathering feedback to ensure that the plan is being properly executed or modified as circumstances change.

b. Responsibility accounting is based on the belief that all managers should be held accountable for achieving the company’s overall goals, even if this requires holding some managers responsible for items that are beyond their control.

c. A self-imposed budget is prepared with the full cooperation and participation of managers at all levels of the organization.

d. One limitation of self-imposed budgets is that lower-level managers may allow too much budgetary slack.