The correct answer is D. all of the above.
Better administration of budget in budgeting plans requires intelligent interpretations, participation, and persuasion.
Intelligent interpretations are necessary to understand the budget and its implications. Participation is necessary to ensure that all stakeholders are involved in the budgeting process and that their needs are met. Persuasion is necessary to get people to agree to the budget and to implement it effectively.
Here are some more details about each of these requirements:
- Intelligent interpretations: Budgets are complex documents that can be difficult to understand. It is important to have people who are skilled in interpreting budgets and who can explain them to others in a clear and concise way.
- Participation: Budgets should not be developed in a vacuum. It is important to involve all stakeholders in the budgeting process, including department heads, employees, and the public. This will help to ensure that the budget is fair and equitable and that it meets the needs of all of the organization’s stakeholders.
- Persuasion: Once a budget has been developed, it is important to get people to agree to it and to implement it effectively. This may require persuasion, as people may have different ideas about how the budget should be spent. It is important to be able to explain the budget and its benefits to others and to get them to see the value in it.
All of these requirements are important for better administration of budget in budgeting plans.