An imposed budget
A) tends to elicit more commitment to the budget from employees since they have had some input into its creation.
B) begins at the lowest levels of management and filters up through the organization.
C) is the least efficient method of budget preparation.
D) involves the fewest number of people in the budgeting process.
Correct Answer:
Verified
Q28: A top-down budget approach is also referred
Q29: Since the cash budget drives all other
Q30: The first section of the cash budget
Q31: Which of the following is not a
Q32: The master budget is a collection of
Q34: Pro-forma financial statements are prepared based on
Q35: Budgets assist managers in all the following
Q36: The first component of the master budget
Q37: A bottom-up budget approach is also referred
Q38: The final component of the operating budget
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents