Since budgeting is associated with control,the preparation of a budget should be left to higher-level management and supervisors should have no hand in it.

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Quizplus · Accepted Answer

This statement is false. While higher-level management is usually responsible for creating and overseeing the overall budgeting process, it is also important for supervisors to be involved in the process. This allows them to provide input based on their knowledge of day-to-day operations and helps to ensure that the budget is realistic and achievable. Additionally, involving supervisors in the budgeting process can help to increase their sense of ownership and accountability for meeting financial goals.

Since Budgeting Is Associated with Control,the Preparation of a Budget