Which of these factors need not be present for budgeting to work efficiently?
A) Management participation.
B) An efficient accounting and reporting system.
C) An organisational structure in which responsibility is clearly defined.
D) A flat management structure.

Question

Quizplus · Accepted Answer

While management participation, an efficient accounting and reporting system, and clearly defined responsibility are all important factors for efficient budgeting, a flat management structure is not necessarily required. Budgeting can work efficiently in organizations with a hierarchical management structure as well.

Which of These Factors Need Not Be Present for Budgeting