________ budgeting is when budgets are formulated with the active involvement of all affected employees.
A) Rolling
B) Team
C) Participative
D) Zero-based

Question

Quizplus · Accepted Answer

Participative budgeting involves all affected employees in the budget preparation process. This approach helps to ensure that budgets are more accurate and reflective of the actual needs and capabilities of the organization. It can also increase employee engagement and ownership in the budget, which may lead to better performance and morale. Rolling budgeting involves updating the budget on a continuous basis throughout the year, while team budgeting involves having a team responsible for the budget preparation process. Zero-based budgeting involves starting the budget from scratch each year, rather than using the previous year's budget as a baseline.

________ Budgeting Is When Budgets Are Formulated with the Active