Asked by juan manuel iglesias on Jun 02, 2024
Verified
Which of the following is/are likely to lead to budget acceptance?
I Targets are developed with employee inputs.
Ii Employees are held responsible for activities that they can control.
Iii Budget is cascaded down from corporate level to the various responsibility centres.
A) i only
B) i and ii
C) i and iii
D) ii and iii
Budget Acceptance
The process or act of formally approving a financial plan for revenues and expenses over a specific period.
Corporate Level
Pertains to major strategic decisions affecting the whole company, typically made by top-level management.
Responsibility Centres
Units within an organization for which managers are responsible, focusing on revenues, costs, or a combination of both, to measure performance.
- Recognize factors that contribute to budget acceptance.
Verified Answer
Learning Objectives
- Recognize factors that contribute to budget acceptance.
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