Which of the Following Is a Benefit of Participative Budgeting

question 124

Multiple Choice

Which of the following is a benefit of participative budgeting?

• A) Employees tend to be more motivated to achieve the budget.
• B) A twelve-month planning horizon is maintained at all times.
• C) Budget planning is highly centralized.
• D) Communication is clearer because it flows in only one direction-upward.

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Definitions:

Monopolist

A market participant who is the sole supplier of a particular good or service, possessing significant market power and able to influence price and market conditions.

No Change

A term indicating that a variable or condition remains constant or unaltered in a given context.

Product Demand

The desire and willingness of consumers to buy a specific product, influenced by factors such as price, quality, and consumer preference.

Pure Monopolist

A market structure where a single firm controls the entire market for a product or service, with no close substitutes and high barriers to entry.