The behavioural aspect of budgeting is:
A) irrelevant.
B) only important for some firms.
C) generally important.
D) very important.

Question

Quizplus · Accepted Answer

The behavioural aspect of budgeting is very important as it involves understanding the human behaviour and reactions to the budgeting process. It is important for any firm regardless of its size or industry as it affects the budgeting process and the implementation of the budget. Understanding the behavioural aspect can help in creating more realistic and achievable budgets, improving communication and coordination among team members, and motivating employees to achieve the budgeted targets.

The Behavioural Aspect of Budgeting Is