Business Studies · Budgeting
In which of the following circumstances is the use of a participative budgeting process appropriate? (i) In decentralized organizations (ii) When acceptance of the budget as fair and equitable is essential (iii) When an organization's different units act autonomously
- 1(iii) only
- 2(i) and (ii) only
- 3(ii) and (iii) only
- 4All of (i), (ii) and (iii)✓
Correct answer
All of (i), (ii) and (iii)
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