ned question All the following are considered to be benefits of participative bu

Question

ned question All the following are considered to be benefits of participative budgeting, except for O Individuals at all organizational levels are recognized as being part of o team; this results in greater suppor for the crganization O When managers set their own targets for the budget,top management need not be concermed with the overall roftability drofo O Managers are held responsible for reaching their goals and cannot easily shift responsibility by blaming unrealistic poals set by c O The budget estimates are prepared by those in directly invoved in actvities O Type here to search

Explanation / Answer

Top management will have the complete responsibility for value maximization. Though setting of branch manager goals are good for efficient performance, top management should consider the budgets which increase overall firm value maximization.

Hence, correct option is “When managers set their own targets for the budgets, top management need not to be concerned…”

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