Which one of the following is not considered to be a benefit of participative budgeting? When managers set the final targets for the budget, top management need not be concerned with the overall profitability of current operations. Managers are more motivated to reach the budget goals because they participated in setting them. Individuals at all organizational levels are recognized as being part of the team; this results in greater support of the organization. The budget estimates are prepared by those in direct contact with various activities.
Which one of the following is not considered to be a benefit of participative budgeting? When managers set the final targets for the budget, top management need not be concerned with the overall profitability of current operations. Managers are more motivated to reach the budget goals because they participated in setting them. Individuals at all organizational levels are recognized as being part of the team; this results in greater support of the organization. The budget estimates are prepared by those in direct contact with various activities.
Chapter7: Budgeting
Section: Chapter Questions
Problem 6MC: Which of the following is true in a bottom-up budgeting approach? Every expense needs to be...
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Which one of the following is not considered to be a benefit of participative budgeting?
- When managers set the final targets for the budget, top management need not be concerned with the overall profitability of current operations.
- Managers are more motivated to reach the budget goals because they participated in setting them.
- Individuals at all organizational levels are recognized as being part of the team; this results in greater support of the organization.
- The budget estimates are prepared by those in direct contact with various activities.
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