Which of the following budget approaches will produce a more accurate budget?
A)Participative budgeting.
B)Imposed budgeting.
C)Responsibility budgeting.
D)None of these ans choices are correct.

Question

Quizplus · Accepted Answer

Participative budgeting involves input from various levels of employees and takes their expertise and knowledge into account while creating a budget. This approach is likely to produce a more accurate budget as it uses a bottom-up approach, meaning that those who are closer to the actual work can provide more realistic estimates of the financial needs. Imposed budgeting, on the other hand, is a top-down approach where the budget is imposed from higher-level executives without input from lower-level staff. Responsibility budgeting involves assigning budgets to different departments or individuals based on their responsibilities, but it may not always involve input from staff. Therefore, participative budgeting is the best approach to produce a more accurate budget.

Which of the Following Budget Approaches Will Produce a More