Activity-based budgeting:
A. parallels the flow of analysis that is associated with activity-based costing.
B. begins with a forecast of products and services to be produced, and customers served.
C. reverses the flow of analysis that is associated with activity-based costing.
D. ends with a forecast of products and services to be produced, and customers served.
E. None of the answers is correct.
Answer: E
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