A Likely Advantage of a Participatory Budget Process (Compared to a Top-Down

question 66

Multiple Choice

A likely advantage of a participatory budget process (compared to a top-down budget process) is

• A) Speed
• B) Avoiding budgetary slack
• C) Better acceptance of budget targets by lower-level managers
• D) Avoiding conflict between lower-level managers in the setting of targets

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Definitions:

Government Agencies

Official organizations established by a government to perform specific functions or services in accordance with legal mandates.

Large Quantities

Refers to the production or acquisition of goods in bulk or significant volumes, often to achieve economies of scale.

Multiple-step Income Statement

A detailed financial statement that separates operating revenues and expenses from non-operating ones to calculate net income.

Selling And Administrative Expenses

Expenses related to the selling of products or services and the general administration of a business.