Which of the following is a reason why top managers want lower-level managers to participate in the budgeting process?
A) To benefit from their experience with the day-to-day aspects of running the business.
B) To reduce the time and cost expended in the budgeting process.
C) To ensure that they do not introduce any budgetary slack.
D) To ensure that the budgets are administered rigidly given the changing market conditions.

Question

Quizplus · Accepted Answer

Top managers want lower-level managers to participate in the budgeting process because they can benefit from their experience with the day-to-day aspects of running the business. This can provide valuable insights and help ensure that the budget is realistic and achievable. Lower-level managers may also have a better understanding of the specific needs and challenges of their department, which can be incorporated into the budget to improve overall performance.

Which of the Following Is a Reason Why Top Managers