What does the direct materials purchases budget start with? Multiple Choice The cash available for the given period. The ending inventory amount. The amount of direct materials used last period. The amount of direct materials needed in production for the current period. The sales forecast for the given period. What is a downside to a participative budget? Multiple Choice Gives too much power to lower-level employees. Lacks the commitment of lower-level managers. It eliminates the need for upper management. Leads to easy budget targets. Puts too much emphasis on the need for goal congruency. Which of the following is one of the major factors that affect the level of goal congruence achieved? Multiple Choice The number of years a company has existed. How experienced top management is in goal setting. How compensation is linked to budgeted performance. The number of employees in a company. How budgeted performance is linked to actual performance