Final answer:
The given statement "To create greater commitment to the budget, lower-level managers should participate in creating the budget" is TRUE. Participative budgeting boosts organizational alignment, performance, and resource management.
Step-by-step explanation:
The statement that lower-level managers should participate in creating the budget to create greater commitment is indeed TRUE.
Participative budgeting, which refers to the involvement of lower-level managers in the budget-setting process, can enhance commitment to the budget.
When managers at different levels are part of the process, they are more likely to be committed to the targets and goals set because they feel a sense of ownership and responsibility for the outcomes.
This can lead to an improved alignment of goals throughout the organization, better performance, and effective resource allocation.
Hence, the statement is true.