The Best Way to Achieve More Accurate and Achievable Budgets

Multiple Choice

The best way to achieve more accurate and achievable budgets is to:

A) have the budget committee monitor actual results on a frequent basis so that quick punitive action can be taken when actual results do not comply with budgeted expectations.
B) have the budget prepared by top executives only.
C) have all employees participate in the preparation of the budget.
D) let it be known that budget variances will not be tolerated.