Which Statement Highlights a Potential Problem of Participative Budgeting

question 137

Multiple Choice

Which statement highlights a potential problem of participative budgeting?

• A) It encourages greater goal congruence.
• B) It fosters a sense of creativity in managers.
• C) It encourages a higher level of performance.
• D) It encourages the introduction of budgetary slack.

Recognize the role of employee empowerment in the Toyota Production System.

Understand the requirements and effects of implementing a kanban system.

Identify the key characteristics and goals of Lean operations, JIT, and the Toyota Production System (TPS).

Recognize the benefits and challenges of JIT partnerships with suppliers.

---

Definitions:

Majority

Majority refers to more than half of a particular group or the greater part of a total number, often used to describe the requirement for decision-making in democratic processes.

Collective Bargaining

The process where union representatives negotiate with employers on behalf of employees to establish wages, working conditions, and other employment terms.

Workers' Rights

Encompass a range of legal rights and protections afforded to workers, including the rights to safe working conditions, fair pay, and freedom from discrimination.

Neoliberal Market Ideology

An economic philosophy advocating for minimal state intervention in the economy, emphasizing free markets, privatization, and deregulation.