Management at all levels should understand and support the budget and all aspects of the management control system.

Question

Quizplus · Accepted Answer

Management at all levels should have a clear understanding of the budget and how it fits into the overall management control system. Moreover, they should support it by aligning their decisions and actions with the budgetary constraints and targets. This helps the organization achieve its objectives effectively and efficiently.

Management at All Levels Should Understand and Support the Budget