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Indicate whether the following items are characteristics of imposed budgeting or participative ...

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Indicate whether the following items are characteristics of imposed budgeting or participative ...

Indicate whether the following items are characteristics of imposed budgeting or participative budgeting.

		Imposed	Participative
a.	The least efficient method of budgeting
b.	At each higher level of management, the budget is reviewed and may be altered
c.	Those preparing the budget have the best understanding of the organization's strategic direction
d.	May lack commitment from employees
e.	May include budgetary slack

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Managerial Accounting

Edition: 4^th

Author: Davis

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