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:

U.S. Economy

The economic system of the United States, characterized by a mixed economy that includes private enterprise alongside limited government involvement.

International Trade

The exchange of goods, services, and capital across international borders or territories.

Monetary System

The set of mechanisms and institutions that provide a country with its currency and manage its supply and value.