Below are various statements about different budgeting techniques.Which is false? September 22, 2022 by 8i9x6 Budget ratcheting tightens targets when performance fails to meet the target by a predetermined percentage Budget lapsing prevents managers from hoarding funds Master(static)budgets are prepared for a single level of activity Budget lapsing encourages managers to spend money regardless of cost or value None of the choices are correct See Answer Budget ratcheting tightens targets when performance fails to meet the target by a predetermined percentage