Mallards Manufacturing's budget for the next year is due by October 31. Prem Patel, the head of the purchasing department, received an Excel file with the previous year's and current year's departmental costs. Prem has been asked to use the information to create a budget for the next year. A meeting with department supervisors has been scheduled to discuss the data before the workbook is completed. Mallards Manufacturing's budget is a ___ budget.
A) imposed
B) participative
C) rolling
D) zero-based

Question

Quizplus · Accepted Answer

Budgets that are created by managers who are knowledgeable about the factors impacting their operation are called participative budgets.

Mallards Manufacturing's Budget for the Next Year Is Due by October