WebImposed Budgeting is the way in which top management prepares the budget and impose on lower levels manager to implement. This budget is prepared and reviewed by only the top management with little or no input from middle and low management. Most of the time, the budget follows the company’s objective and mission. WebAdvantages of Self-Imposed Budget. Individuals at all levels of the organization are viewed as members of the team whose judgments are valued by top management.; Budget …

7.1 Describe How and Why Managers Use Budgets

WebSelf-imposed budgets can also be called participatory budgets. These types of budgets assume that there was cooperation and participation from managers at all levels of the organization. It creates a much more harmonious work environment when everyone gets to have a say in the operation of the business. WebAdmittedly, however, a pure self imposed budgeting system is not without limitations. It may lack sufficient strategic direction and lower level managers may be tempted to build into their budgets a great deal of budgetary slack. freeway riders mc borderland

ACCT Budgeting - Texas Southern University

WebWhat are the major advantages of self-imposed budgets? What caution must be exercised in their use? Expert Answer Solution Self-imposed Budget: A self-imposed budget is one … WebA self-imposed budget is one prepared by top management and passed downward . through an organiz ation. Ans: False AACSB: Reflective … WebThe participative budget approach is viewed as self-imposed. As a result, it is argued that it improves employee morale and job satisfaction. It fosters the “team-based” management … freeway riders mc bochum