Budgets are generally more effective if they are ________.
A)created with the active participation of all affected employees
B)understood and accepted by affected managers
C)supported by top management
D)all of the above

Question

Quizplus · Accepted Answer

A budget is more likely to be successful if it is created with the involvement of all affected employees, understood and accepted by the managers responsible for implementing it, and supported by top management. When employees are involved in the budgeting process, they gain a better understanding of the organization's goals and can contribute ideas and suggestions to achieve those goals. When managers are committed to a budget, they will work harder to ensure that it is successful. And when top management supports the budget, it sends a message that the budget is a priority and that deviations from it will not be tolerated. All of these factors contribute to the effectiveness of a budget.

Budgets Are Generally More Effective If They Are ________