The following statements relate to the participation of junior management in setting budgets:
1 It speeds up the setting of budgets.
2 It increases the motivation of junior managers.
3 It reduces the level of budget padding.

Which of the above statements is/are TRUE?
(a) 1, 2 and 3
(b) 2 and 3 only
(c) 1 only
(d) 2 only