One major criticism of budgeting is that it is used as a ‘cost reduction’ tool
Question # 00774201
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Updated on: 08/19/2020 01:43 PM Due on: 08/19/2020
"One major criticism of budgeting is that it is used as a ‘cost reduction’ tool rather than a ‘cost control’ tool. The objective of the budget is to control costs at an efficient level of operation."
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Solution: One major criticism of budgeting is that it is used as a ‘cost reduction’ tool