Budgets can serve as a means of communicating top management objectives to lower-level managers.

Name: Budgets can serve as a means of communicating top management objectives to lower-level managers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Budgets are a formalized expression of an organization's plans in monetary terms. Therefore, they can serve as a means of communicating top management objectives to lower-level managers, who are responsible for implementing those plans.

Budgets Can Serve as a Means of Communicating Top Management