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ACC 561 Quiz 3 - Quiz 3(Chapters 7-8 1 budgeting is when...

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Quiz 3 (Chapters 7-8) 1. _____ budgeting is when budgets are formulated with the active participation of all affected employees a. Financial b. Team c. Participative d. Shared 2. Budgets are generally more effective if they are _____. a. created with the active participation of all affected employees b. understood and accepted by affected managers c. supported by top management d. all of these answers are correct 3. Budgets generate negative feelings if they are _____. 4. A major benefit of effective budgeting is that _____.
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