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Which one of the following is not considered to be a Benefit of participative budgeting?
Managers are held responsible for reaching their goals and cannot shift responsibility by blaming the unrealistic goals demanded by the budget.
Budget estimates are prepared by those in direct contact with various activities
individuals at all organizational levels are recognized as being pan of the team resulting in greater support of the budget
When managers set the final targets for the budget, it reduces top management's concerns about the profitability of operations
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