Question

Budgets are normally more effective when all levels of management are involved in the budgeting process. True or False

Answer 1

Answer:

The given statement is "True".

Explanation:

• The budgeting process for something like a commercial enterprise has always been based on the most recent financial statement of an organization, investment money as well as distribution channels, business objectives as well as the viewpoint in which the industry operates.
• So that the spending plan is generally more accurate unless all agencies and therefore all top executives are actively engaged.