Which of the Following Is True of Participative Budgeting

question 101

Multiple Choice

Which of the following is true of participative budgeting?

• A)Preliminary budgets are developed by top management and flows down to the departmental level.
• B)Budgets are developed separately in a company's business segments so coordination is not necessary.
• C)Budgets are more achievable because those impacted by the budget helped create it.
• D)The budgeting process is quick,usually only requiring one-two weeks to complete.

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Definitions:

Communicating

The process of conveying information, ideas, feelings, and thoughts through speech, writing, signals, or behavior to achieve effective understanding or action.

Incentives

Motivations or rewards offered to encourage specific behaviors or actions.

Misused Power

Instances where authority is used inappropriately or unethically, often leading to unfair outcomes or abuses of rights.

Charismatic Leader

An individual who inspires and motivates followers through their personal vision, rhetoric, and enthusiastic engagement rather than through formal authority or power.