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Which of the following is true? Lower-level managers are responsible for preparing the entire budget. The budget and the administration of the budget are the

Which of the following is true?

Lower-level managers are responsible for preparing the entire budget.

The budget and the administration of the budget are the responsibility of management.

The flow of input data for budgeting should be from the highest levels of responsibility to the lowest level.

Each manager coordinates their respective budget activities.

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