Which of the following statements is true?
A)Budgets are essentially based on the sales forecast.
B)Budgets often have to be revised in light of actual performance.
C)It is important for all employees to participate in the budget making process.
D)All of these.
E)None of these.

Question

Quizplus · Accepted Answer

A) Budgets are typically based on the sales forecast, but other factors such as expenses, investments, and strategic priorities also influence the budget.
B) It is common for budgets to be revised throughout the year based on actual performance and changes in the business environment.
C) Involving all employees in the budget process can lead to better alignment and understanding of company goals, as well as increased accountability and ownership. However, the level of participation may vary depending on the size and structure of the organization.
D) All of these statements are true.

Which of the Following Statements Is True