Question

Which budgeting approach is most favorable to obtain employee support?.

Answer 1

The  budgeting approach that is most favorable to obtain employee support is: Participative budgeting.

What is Participative budgeting?

Participative budgeting is a type of budgeting approach that enables employees to take part in the budget preparation process.

This type of budgeting makes it possible for employee to contribute their own ideas during the decision making process when creating a budget.

Inconclusion the  budgeting approach that is most favorable to obtain employee support is: Participative budgeting.

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Answer 2

The budgeting approach which is most favorable to obtain employee support is:

• Bottom-Up Approach

What is a Budget?

This refers to the financial plan to set aside things to do with money based on a scale of preference.

With this in mind, the bottoms up approach to budgeting will be the most favorable to get employee support because the company let's each individual department to set their own budget and is then sent for review to upper management.

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