Which of the following is NOT true regarding budget lapsing? a Budget lapsing allows unused funds to be carried over to the next year b. Firms often incur substantial warehousing costs to hold extra...

Extracted text: Which of the following is NOT true regarding budget lapsing? a Budget lapsing allows unused funds to be carried over to the next year b. Firms often incur substantial warehousing costs to hold extra end-of-year purchases C. Budget lapsing creates incentives for managers to spend all of their budget d. Budgets that lapse provide tighter controls on managers than budgets that do not lapse