One of the major benefits of formal budgeting is the positive effect it can have on employee attitudes if applied correctly.

Question

Quizplus · Accepted Answer

Formal budgeting can provide employees with clear direction and a sense of purpose, which can improve job satisfaction and motivation. Additionally, involving employees in the budgeting process can increase their sense of ownership and accountability in achieving organizational goals. However, if the budgeting process is overly rigid, arbitrary, or excludes employee input, it can have negative effects on morale and motivation.

One of the Major Benefits of Formal Budgeting Is the Positive