In distinguishing between budgets and standards, which of the following is true? a. The terms mean exactly
Question:
In distinguishing between budgets and standards, which of the following is true?
a. The terms mean exactly the same thing.
b. Standards are used to develop budgets.
c. Budgets are used to develop standards.
d. Budgets and standards are unrelated.
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Related Book For 
Managerial Accounting
ISBN: 9780078110771
1st Edition
Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips
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