Below Are Various Statements About Different Budgeting Techniques

Below are various statements about different budgeting techniques. Which is false?

A) Budget ratcheting tightens targets when performance fails to meet the target by a predetermined percentage
B) Budget lapsing prevents managers from hoarding funds
C) Master(static) budgets are prepared for a single level of activity
D) Budget lapsing encourages managers to spend money regardless of cost or value
E) None of the above