Question: Below are various statements about different budgeting techniques. Which is false? Select one: a. Budget lapsing encourages managers to spend money regardless of cost or

Below are various statements about different budgeting techniques. Which is false? Select one: a. Budget lapsing encourages managers to spend money regardless of cost or value b. Budget lapsing prevents managers from hoarding funds c. Budget ratcheting tightens targets when performance fails to meet the target by a predetermined percentage d. Master(static) budgets are prepared for a single level of activity

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