Management must get employees to accept the budget's goals in order to effectively use the budget as a benchmark for evaluating performance.

Question

Quizplus · Accepted Answer

If employees do not accept the budget's goals and are not committed to achieving them, then the budget cannot be used as an effective benchmark for evaluating performance. Management needs to communicate the budget's objectives clearly and involve employees in the budgeting process to gain their acceptance and commitment. This will ensure that employees understand the budget's goals and how their actions and decisions can impact the organization's overall financial performance.

Management Must Get Employees to Accept the Budget's Goals in Order