A budgeting process where individuals who are impacted by a budget are directly involved in its development is called: A. participative budgeting B. cooperative budgeting C. benefit budgeting D. flexible budgeting

Question

Pierce Lawrence

Business

3 December, 06:46

A budgeting process where individuals who are impacted by a budget are directly involved in its development is called: A. participative budgeting B. cooperative budgeting C. benefit budgeting D. flexible budgeting

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Answers (1)

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Helena Mccann · Answer 1

A. participative budgeting

Explanation:

Participative budgeting -

It refers to the type of method of budgeting, where the person implementing the budget as well as the person getting affected by the budget are involved in the process of creating the budget, is referred to as participative budgeting.

In this method the top - level managers are supposed to share the decision of budgeting with the bottom - level managers as well.

Hence, from the given information of the question,

The correct answer is A. participative budgeting.