With the consolidation/aggregation method of an electronic bill presentment and payment (EBPP) system, a company's bills are posted, along with bills from other companies, to a Web site hosted by a third party. Customers then go to that site to pay bills from a number of companies

The initial outlay includes the immediate cash outflow necessary to purchase the asset and put it in

operating order. Indicate whether the statement is true or false

A budget is a statement of a corporation's programs in dollar terms. Which is NOT true of the budgetary function?

A) It is used in planning and control. B) It serves as a detailed plan of strategy in action. C) Only one budget is necessary to capture all programs. D) It details the impact on the firm's future financial situation. E) It is used as a means of measuring success based on certain criteria.