Regarding the budgeting process,which of the following statements is true?

Question

Quizplus · Accepted Answer

The budgeting process should be designed from the bottom up, with input from managers at all levels. This approach helps ensure that budget goals and expectations are realistic and achievable. Top management may still provide oversight and guidance, but involving managers throughout the organization in the budgeting process can help increase buy-in and commitment to the budget. The approval of the budget by external auditors may be required in some cases, but it is not always necessary.

Regarding the Budgeting Process,which of the Following Statements Is True