To gain the benefits of budgeting ________ must understand and support the budget.

Question

Quizplus · Accepted Answer

All levels of the organization must understand and support the budget in order to effectively implement it. Senior management provides direction and sets goals, middle management creates detailed plans and monitors progress, and line employees are responsible for executing the plan on a daily basis. Without buy-in and participation from all levels, the budget may not be successful in achieving its intended outcomes.

To Gain the Benefits of Budgeting ________ Must Understand and Support