Which of the following statements regarding the finalisation of budgets is true?
A)The finalisation of budges is a nondiscretionary process involving senior management only.
B)The finalisation of budgets is an interactive process involving both senior management and operational staff.
C)The finalisation of budgets is a nondiscretionary process involving both senior management and operational staff.
D)The finalisation of budgets is an interactive process involving both senior management and middle management.

Question

Quizplus · Accepted Answer

The statement that the finalisation of budgets is an interactive process involving both senior management and operational staff is true. Budgets are typically finalised through a collaborative process that involves multiple levels of management and staff, with input and feedback from across the organisation. This collaborative approach helps to ensure that budgets are realistic, achievable, and aligned with organisational goals and objectives.

Which of the Following Statements Regarding the Finalisation of Budgets