Chapter 20, Problem 1QS

Budget motivation C1

For each of the following items 1 through 5, indicate yes if the item is an important budgeting guideline or no if it is not.

_____1. Employees should have the opportunity to explain differences from budgeted amounts.
_____2 .Budgets should include budgetary slack.
_____3. Employees impacted by a budget should be consulted when it is prepared.
_____4. Goals in a budget should be set low so targets can be reached.
_____5. Budgetary goals should be attainable.