Respuesta :
Answer:
B. participatory approach budgets should be prepared using a top-down approach
Explanation:
Option A is incorrect because it is one of the significant guidelines for budgeting.
Option C is a budgeting guideline which helps to differentiate the actual and budgeted amounts.
Option D is an important element to attain the objectives through budgeting. Therefore, it is incorrect.
Option B is the answer as there is no option to prepare the budget using a top-down approach.
The options mentioned in the context are all the guidelines for the budgeting, except the participatory approach budgets that are prepared using a top-down approach.
A budget cycle is the amount of time it takes to create, set up, and measure a monetary fund.
Although most small-scale business concern do not use the term "budget cycle," they do follow the activity and go through all four phases:
- Planning
- Approval
- Implementation
- Review
The briefing of the four phases of the guidelines of the budgeting are:
The activity of a budget is the first phase in the budgeting process. When done correctly, this process begins with careful consideration at the ground level.
It's important to think about how much money is needed and what new activities may be initiated.
While the political budgeting process is somewhat cumbersome, one of its basic principles is extremely relevant to your company. Budgets aren't authorized with a simple yes or no. Instead, they're a source of contention.
Business owners, unlike the federal government, are unable to seize funds to prohibit excessive spending. However, you can change your business techniques to deal with more spending or lower-than-expected revenue.
Even the best-planned budget should be reevaluated and, if necessary, amended from time to time.
Revenue fluctuations, cost adjustments, and new knowledge about your customer base are all factors that may necessitate budget revisions.
Therefore, the correct option is B.
To know more about the guidelines of the budgeting, refer to the link below:
https://brainly.com/question/15867518
