What is the role of top management in a participative budgeting system?
A. Top management must always tighten employee-set budget standards to eliminate employees' attempts to build slack into the standards.
B. Top management must ensure that employee-generated objectives are consistent with those of the company.
C. Top management has no role - the budget is entirely developed by the lower-level employees.
D. All of the answers are correct.
Answer: B
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