Which of the following statements is
A) Participative budgeting means that a company's budget should be prepared by lower-level employees.
B) The attitudes and actions of upper-level management have little impact on the effectiveness of a company's budget.
C) Employees often find that budgets are constraining and limiting.
D) In preparing a budget,information flows occur only from the bottom up.

Question

Quizplus · Accepted Answer

Participative budgeting means that subordinates participate in the budgeting process.Upper management participates in the process to ensure that employee-generated objectives are consistent with company objectives.The attitudes of high-level managers significantly impact budget effectiveness.Subordinates are keenly aware of management's expectations.If upper-level managers degrade,make fun of,or ignore the budget,subordinates will follow suit.

Which of the Following Statements Is