1 answer

1. Which of the following are reasons to involve managers in the budgeting process? (Select all...

Question:

1. Which of the following are reasons to involve managers in the budgeting process? (Select all the answers that apply) Managers know their business areas best

Budget goals will be used to measure each manager's performance

Doing so may increase their motivation to achieve the budget

Involving them helps managers get invested in achieving the budgeted goals

The budgeting process is quicker when we involve each manager in the process

2.

What is normally the foundation of the entire budget plan?

(pick one answer)

Group of answer choices

the capital expenditures forecast

the cash summary budget

the sales budget

the manufacturing budget


Answers

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1. Which of the following are reasons to involve managers in the budgeting process? (Select all the answers that apply)
Budget goals will be used to measure each manager's performance
Involving them helps managers get invested in achieving the budgeted goals
The budgeting process is quicker when we involve each manager in the process
What is normally the foundation of the entire budget plan?
the sales budget
.

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