A budgeting system that allows individuals who are affected by the budget to have input into the budgeting process is called:

Question

Quizplus · Accepted Answer

Participative budgeting allows individuals who are affected by the budget to have input into the budgeting process. This method encourages collaboration and accountability among team members, which can lead to better budget decision-making and implementation. Mandated budgeting is when a budget is required or enforced by a higher authority, while zero-based budgeting involves starting the budget from scratch and justifying every expense. Incremental budgeting involves adjusting the previous year's budget slightly to account for changes.

A Budgeting System That Allows Individuals Who Are Affected by the Budget