Vector Company seeks input from salespeople regarding the number of units they believe they can sell during the upcoming budget period.This is an example of participative budgeting.

Question

Quizplus · Accepted Answer

Participative budgeting involves input from individuals within an organization who have experience or expertise in a certain area. In this case, the salespeople are being asked for their input on the number of units they can sell, which is a form of participative budgeting.

Vector Company Seeks Input from Salespeople Regarding the Number of Units