Question

Which of the following are reasons to involve managers in the budgeting process? (Select all the...

Which of the following are reasons to involve managers in the budgeting process? (Select all the answers that apply)

  

Managers know their business areas best

   

The budgeting process is quicker when we involve each manager in the process

   

Budget goals will be used to measure each manager's performance

   

Doing so may increase their motivation to achieve the budget

   

Involving them helps managers get invested in achieving the budgeted goals

What is normally the foundation of the entire budget plan?

(pick one answer)

  

the cash summary budget

   

the manufacturing budget

   

the capital expenditures forecast

   

the sales budget

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Answer #1
1. Select all options

2. Option D is the answer

Sales budget is the fountainhead of entire budgeting process.

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