What are the advantages and disadvantages of the participatory approach to budgeting?
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What are the advantages and disadvantages of the participatory approach to budgeting?
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- Why is a clear understanding of managements goals and objectives necessary for effective budgets?Discuss the shortcomings of the traditional master budget. In what situations would the master budget perform well?Which approach requires management to justify all its expenditures? A. bottom-up approach B. zero-based budgeting C. master budgeting D. capital allocation budgeting
