Which of the following is true?
A)The budget itself and the administration of the budget are the responsibility of management.
B)Each manager coordinates their respective budget activities.
C)Lower level managers are responsible for preparing the entire budget.
D)The flow of input data for budgeting should be from the highest levels of responsibility to the lowest level.

Question

Quizplus · Accepted Answer

The responsibility for both creating the budget and managing it falls on upper management, not lower level managers. Coordination of budget activities may occur, but ultimately it is the responsibility of management to create and oversee the budget. Input data for budgeting should flow from the lowest levels to the highest levels, as those at lower levels have more detailed knowledge of day-to-day operations.

Which of the Following Is True