Advantages of participative budgeting includes all but _______. budget estimates
ID: 2415441 • Letter: A
Question
Advantages of participative budgeting includes all but _______.
budget estimates are prepared by those directly involved in the activities.
claims that the budget was unrealistic and impossible to meet cannot be made.
individuals at all levels of the organization are recognized as members of the team whose views and judgements are valued by top management.
top managers do not need to scrutinize budgets prepared by lower-level managers.
A.budget estimates are prepared by those directly involved in the activities.
B.claims that the budget was unrealistic and impossible to meet cannot be made.
C.individuals at all levels of the organization are recognized as members of the team whose views and judgements are valued by top management.
D.top managers do not need to scrutinize budgets prepared by lower-level managers.
Explanation / Answer
Advantages of participative budget are that the budgets are prepared by front line managers with inputs from all levels who work as a team and own the budget. Also when budgetary goals are not met managers cannot say that the budget was unrealistic as the budgets are made by them only. Only statement that is not true is that top managers do not need to scrutinize budgets prepared by lower level managers because the top level managers must review the budget to avoid too ambitious target or to eliminate slacks built in the budget.
So Advantages of participative budgeting includes all but ____D. _top managers do not need to scrutinize budgets prepared by lower-level managers__.
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