Multiple Choice
Which of the following is an advantage of participative budgeting?
A) It ensures only superficial participation from lower-level managers.
B) It rules out the possibility of building budgetary slack.
C) It helps managers to set the budgets that are either too loose or too tight.
D) It fosters a sense of responsibility and encourages creativity.
E) There are no advantages of participative budgeting.
Correct Answer:
Verified
Correct Answer:
Verified
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