How can participative budgeting improve the effectiveness of a company's budgeting process?
What will be an ideal response?
Answers will vary
Participative budgeting allows personnel at all levels to be involved in preparing the budget. As a result, employee buy-in or commitment to the budget may be increased. Also, the budget may be more accurate, realistic, and reasonable because of the participation of many employees.
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Choose the correct verb in parentheses. (May, Can) I have $20 to go to the movies?
If a statute is found to be applicable to a fact situation, then the courts will hold that an unexcused violation of that statute which causes an injury to another is:
a. res ipsa loquitur. b. negligence per se. c. strict liability. d. assumption of the risk.
The required rate of return estimated by the Capital Asset Pricing Model is not suitable for use in dividend valuation models
Indicate whether the statement is true or false.