Which of the following statements is incorrect? * O An imposed budget is the same as a participative budget. O The preparation of the budget would be the responsibility of each responsibility unit. O Top management's support is necessary to promote budget participation. O The top management should review and approve each responsibility unit's budget.

Which of the following statements is incorrect? * O An imposed budget is the same as a participative budget. O The preparation of the budget would be the responsibility of each responsibility unit. O Top management's support is necessary to promote budget participation. O The top management should review and approve each responsibility unit's budget.

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter23: Flexible Budgeting (flexbud)

Section: Chapter Questions

Problem 3R

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