If budgets are to be effective all of the following must be present except
A) acceptance at all levels of management.
B) research and analysis in setting realistic goals.
C) stockholders' approval of the budget.
D) sound organizational structure.

Question

Quizplus · Accepted Answer

While stockholders may have an interest in the budget, their approval is not essential for the budget to be effective. Acceptance at all levels of management, research and analysis in setting realistic goals, and a sound organizational structure are all crucial elements for a budget to be effective.

If Budgets Are to Be Effective All of the Following