Which of the following statements about budget acceptance in an organization is true?
A) The most widely accepted budget by the organization is the one prepared by top management.
B) The most widely accepted budget by the organization is the one prepared by the department heads.
C) Budgets are hardly ever accepted by anyone except top management.
D) Budgets have a greater chance of acceptance if all levels of management have provided input into the budgeting process.

Question

Quizplus · Accepted Answer

Budgets have a greater chance of acceptance if all levels of management have provided input into the budgeting process. This is because when all levels of management have had input, they are more likely to feel invested in the budget and its success. This can lead to better cooperation in the organization and greater adherence to the budget throughout the year.

Which of the Following Statements About Budget Acceptance in an Organization