Which of the following is true of budgeting? Question 1 options: Budgeting forces management to plan for the future. Budgeting creates a plan of action only in terms of production units. Budgeting eradicates the need for keeping a buffer against uncertainties in demand. Budgeting relies on the control cycle to design the planning cycle for future action. Budgeting focuses only on long-term objectives as covered by the planning cycle.
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