Which of the following is not a characteristic of a participative budget?
A)It will produce a more accurate budget than an imposed budget.
B)It tends to elicit more commitment to the budget than a top-down budget.
C)It is the most efficient method of budget preparation.
D)It is a time-consuming process as many people must provide input.

Question

Quizplus · Accepted Answer

Participative budgeting involves the input of multiple individuals or departments, which makes the process more time-consuming than a top-down budget. While participative budgeting may result in a more accurate and committed budget, it is not necessarily the most efficient method of budget preparation.

Which of the Following Is Not a Characteristic of a Participative