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CFI FMVA EXAM PACK 2025-2026 WITH GRADED AND VERIFIED QUESTIONS AND SOLUTIONS . ALL THE BEST.
Identify which trait below about incremental budgeting is FALSE
1. Inputs or actives are determined by the budgeted outputs
2. It takes previous years' actual figure and add or subtract a certain percentage from it to make the new year's budget
3. It can carry over mistakes or slack budgets from previous years
4. It is the most commonly used method
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