Which is correct concerning a budget, Managerial Accounting

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Which is correct concerning a budget

Problem 1: Which of the following is correct concerning a budget?

Option 1: It is a formal document that quantifies a company's plans for achieving its goals.
Option 2: It is prepared by the budget committee.
Option 3: It identifies the causes of significant deviations from expected performance.
Option 4: All of the answer choices are correct.

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Managerial Accounting: Which is correct concerning a budget

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