Indicate whether each of the following statements is true or false.
1. Employees often find that budgets are constraining and limiting.
2. Budgets establish standards by which performance is evaluated.
3. The attitudes and actions of upper-level management have little impact on the effectiveness of a company's budget.
4. Participative budgeting means that a company's budget should be prepared with the input of lower-level employees.
5. In preparing a budget, information flows occur only from the bottom up.

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The Answer of Indicate whether each of the following statements is true or false.
1. Employees often find that budgets are constraining and limiting.
2. Budgets establish standards by which performance is evaluated.
3. The attitudes and actions of upper-level management have little impact on the effectiveness of a company's budget.
4. Participative budgeting means that a company's budget should be prepared with the input of lower-level employees.
5. In preparing a budget, information flows occur only from the bottom up.

Indicate Whether Each of the Following Statements Is True or False