Successful budget implementation depends on two factors-clear communication and the support of top management.

Question

Quizplus · Accepted Answer

Clear communication is necessary to ensure that everyone on the team is aware of the goals of the budget and their individual responsibilities. Additionally, the support of top management creates buy-in and helps to enforce the budget policies and procedures. Without either of these factors, budget implementation is likely to be ineffective.

Successful Budget Implementation Depends on Two Factors-Clear Communication and the Support