Which One Of The Following Is Necessary If A Company Expects Its Budget To Be Effective?

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Which One Of The Following Is Necessary If A Company Expects Its Budget To Be Effective?

The company must have a sound organizational structure. The budget amounts must be based on those of previous accounting periods. Managers must be held responsible for controllable and uncontrollable costs. The company's budget should be a good substitute for management.
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The company must have a sound organizational structure.

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