Question: 1. The motivation of employees is one goal of budgeting. Identify three guidelines that organizations should follow if budgeting is to serve effectively as a source of motivation for employees.
2. Good management includes good budgeting.
(1) Explain why the bottom-up approach to budgeting is considered a more successful management technique than a top-down approach.
(2) Provide an example of implementation of the bottom-up approach to budgeting.
3. What is the difference between a production budget and a manufacturing budget?