Potential pitfalls of using budgets as control tools include
I. Placing too much emphasis on relatively insignificant organizational expenses.
II. Changing budgets periodically.
III. Increasing budgeted expenses year after year without adequate information.
IV. Budgets translate diverse activities and outcomes into a common denominator.
[A]Only (II) above
[B]Both (I) and (IV) above
[C]Both (I) and (III) above
[D](I), (II), and (III) above
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