The budgeting process has three important guidelines: (1) Employees affected by a budget should be _____________ when it is prepared (participatory budgeting), (2) goals reflected in a budget should be ____________, and (3) evaluations should be made carefully with opportunities to _______ any failures.

Fill in the blank(s) with the appropriate word(s).

Answer:
consulted
attainable
explain

Business

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Under conditions of perfect capital markets, M&M insist that the value of the levered firm is greater than the value of the unlevered firm

Indicate whether the statement is true or false

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