Which of the following are reasons to involve managers in the budgeting process? (Select all the answers that apply)

Managers know their business areas best

The budgeting process is quicker when we involve each manager in the process

Budget goals will be used to measure each manager's performance

Doing so may increase their motivation to achieve the budget

Involving them helps managers get invested in achieving the budgeted goals

What is normally the foundation of the entire budget plan?

(pick one answer)

the cash summary budget

the manufacturing budget

the capital expenditures forecast

the sales budget