A Budget Is an End Product of Negotiations Among Senior

A budget is an end product of negotiations among senior and subordinate mangers because ________.

A) budgeting is their mutual responsibility
B) senior managers alone cannot spare the time required for the budgeting process
C) senior managers are responsible for providing information on competitors performance and subordinate managers are responsible for information on external market conditions
D) senior managers want stiffer targets and subordinates want relatively easy targets