Which of the following statements regarding the budgeting process is TRUE?

Question

Quizplus · Accepted Answer

The statement that the budget should be designed from the bottom up, with input from employees at all levels, is true. This allows for greater participation and buy-in from employees, and can lead to a more accurate and feasible budget. The other statements, that the budget should be approved by external auditors or always designed by top corporate management, are not necessarily true. The involvement of external auditors and top management may be important, but it is not a universal requirement for the budgeting process.

Which of the Following Statements Regarding the Budgeting Process Is