When an organization involves its many employees in the budgeting process in a meaningful way, the organization is said to be using an approach most commonly known as:

Question

Madelyn Reid

Business

8 March, 08:14

When an organization involves its many employees in the budgeting process in a meaningful way, the organization is said to be using an approach most commonly known as:

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Answers (1)

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Nylah · Answer 1

Participative budgeting

Explanation:

Participative budgeting is a budgeting process under which those people impacted by a budget are actively involved in the budget creation process. Participatory budgeting is also better for morale, and tends to result in greater efforts by employees to achieve what they predicted in the budget.