Participative budgeting is an approach to budgeting


Participative budgeting is an approach to budgeting that

a. is top-down in nature.

b. allows top management to set the budget.

c. discourages budget slack.

d. is more likely to motivate people to work towards the organization’s goals than a top down approach.

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Financial Accounting: Participative budgeting is an approach to budgeting
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