The following statements relate to the participation of junior management in setting budgets:1 It speeds up the setting of budgets2 It increases the motivation of junior managers3 It reduces the level of budget padding Which statements are true? A: 1 only B: 2 only C: 2 and 3 only D: 1, 2 and 3

Budgets:

Research has shown that challenging budgets (rather than budgets that can be easily attained) are energizing and improve performance.

Why are elementary and secondary schools not likely to get their budgets cut A: Because they enjoy the special funds provided by states. B: Because their budgets are rather limited. C: Because their budgets are protected by the state constitutions. D: Because they can charge their clients.

In fact, a recent study in the US found that information technology accounted for 5% to 8% of college budgets, up from an estimated 2% to 3% in the mid-1980s. ( )

‍Some colleges increased their budgets for information technology.‎

In which of the following can flexible budgets be used?

Budgets are a manager’stool to plan, understand, and control operations.

15、Rolling budgets can save cost and time.

Which of the following budgets must be prepared first, as it serves as a basis for most other budgets?（ ） A: Cash budget B: Production budget C: Operating expenses budget D: Sales budget