A budget that is prepared with the full cooperation of managers at all levels is a self-imposed or budget.

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28-10-2022
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A budget that is prepared with the full cooperation of managers at all levels is a self-imposed or budget.

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sapanpandit sapanpandit · Answer 1 · 2022-11-01T17:49:13+01:00

A budget that is self-imposed or participative budget is one that is created with the full support of management at all levels.

Organizations can give their workforce a sense of ownership and influence by using the effective budgeting technique known as participatory budgeting. By better understanding the financial requirements of their divisions, firms can introduce this technique to reduce loss.

By establishing yourself as a resourceful employee and helping your budget company motivate staff members by setting up this form of budgeting, you may be able to develop your career. In this article, we define participatory budgeting, A budget that is self-imposed or budget participative is one that is created with the full support of management at all levels describe how to implement it, and list some benefits and drawbacks of this approach to participative budget.

Learn more about participative budget here

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