question archive All of the following are necessary for budgets to be effective except: Goals should be attainable
All of the following are necessary for budgets to be effective except: Goals should be attainable
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All of the following are necessary for budgets to be effective except:
Goals should be attainable.
Employees affected by a budget should be consulted when it is prepared.
Evaluations should be made carefully with opportunities to explain differences between actual and budgeted amounts.
Managers must be aware of potential negative outcomes of budgeting, such as budgetary slack.
All budgeted amounts must be spent to ensure that budgets aren't reduced for the next period.
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The fifth option that all budgeted amounts must be spent is not necessary for budgets to be effective as i actual amount of cost is less than the budgeted amount then it is better to save cost and makes budget more effective.So fifth option is not nrcessary requirement for budget to be effective
