Part 1: The budget process involves doing all of the following except: dismissing all managers who fail to achieve operational goals specified in the budget executing plans to achieve the goals periodically comparing actual results with the goals establishing specific goals

Part 2: Budgeting supports the planning process by encouraging all of the following activities except: increasing the motivation of managers and employees by providing agreed-upon expectations directing and coordinating operations during the period requiring all organizational units to establish their goals for the upcoming period improving overall decision making by considering all viewpoints, options, and cost reduction possibilities

Part 3: Which of the following budgets allow for adjustments in activity levels? continuous budget static budget zero-based budget flexible budget