An effective budget process communicates from the top down,but not from the bottom up.

Question

Quizplus · Accepted Answer

A budget process that only communicates from the top down will not be effective in capturing the insights and perspectives of the individuals who are most familiar with day-to-day operations. Therefore, a successful budget process should encourage communication from both the top down and the bottom up to ensure that all parties are invested in achieving the organization's financial goals.

An Effective Budget Process Communicates from the Top Down,but Not