Evaluate the following statements: 1. The practice of comparing a company with its prior performance or with best practices from other companies is called benchmarking. 2. Participative budgeting are more achievable because those impacted by the budget helped create it. 3. A static budget is a financial plan for only one level of sales volume.

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Statement 1 The practice of comparing a company with its prior performance or with best practices from other companies is called benchmarking This sta... View the full answer