Effective budgeting requires all of the following except:
A) Attainable goals.
B) Determination of budgets by top levels of management.
C) Evaluation processes that provide opportunities to explain any failures.
D) Clear communication of all budgets.
E) Adequate supporting documentation for the budget.

Question

Quizplus · Accepted Answer

While top-level management may be involved in determining budgets, effective budgeting should involve input from multiple levels of management and departments. A more inclusive approach will ensure that all aspects of the business are considered, and that goals are set realistically.

Effective Budgeting Requires All of the Following Except