For budgets to be effective:
A) Goals should be attainable.
B) Employees affected by a budget should be consulted when it is prepared.
C) Evaluations should be made carefully with opportunities to explain any failures.
D) They should be properly applied to avoid negative effects.
E) All of these.

Question

Quizplus · Accepted Answer

All of these factors are important for budgets to be effective. Attainable goals ensure that employees are motivated to work towards them, consulting employees affected by the budget ensures that everyone is on board and committed to achieving the goals, careful evaluations allow for learning and improvement, and proper application ensures that negative effects are avoided.

For Budgets to Be Effective