_____ budgeting is when budgets are formulated with the active participation of all affected employees
A)Financial
B)Team
C)Participative
D)Shared

Question

Quizplus · Accepted Answer

Participative budgeting involves input from all affected employees, typically through collaboration and communication. This approach often leads to greater buy-in and accountability among employees, as they have a say in the budget and are more likely to understand their responsibilities in achieving budgetary goals. Financial budgeting primarily involves the use of financial data and formulas to formulate a budget, whereas team and shared budgeting are less commonly used methods.

_____ Budgeting Is When Budgets Are Formulated with the Active