Which one of the following is not considered to be a benefit of participative budgeting?When managers set the final targets for the budget, top management need not be concerned with the overall profitability of current operations.Managers are more motivated to reach the budget goals because they participated in setting them.Individuals at all organizational levels are recognized as being part of the team; this results in greater support of the organization.The budget estimates are prepared by those in direct contact with various activities.

Budgeting - Budgeting is the estimation made by the managers of the organization based on the past…

Answered: Which one of the following is not…

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Which one of the following is not considered to be a benefit of participative budgeting?

When managers set the final targets for the budget, top management need not be concerned with the overall profitability of current operations.
Managers are more motivated to reach the budget goals because they participated in setting them.
Individuals at all organizational levels are recognized as being part of the team; this results in greater support of the organization.
The budget estimates are prepared by those in direct contact with various activities.

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