________ budgeting is when budgets are formulated with the active participation of all affected employees.
A)Rolling
B)Team
C)Participative
D)Financial

Question

Quizplus · Accepted Answer

Participative budgeting involves gathering input from all employees who are affected by the budget. This allows for a more comprehensive and accurate budget to be created, as employees with firsthand knowledge of specific areas can provide valuable insights and suggestions. It also fosters a sense of ownership and accountability among employees, leading to greater adherence to the budget and overall financial responsibility.

________ Budgeting Is When Budgets Are Formulated with the Active