Question

Self-imposed budgets typically are:
a. not subject to review by higher levels of management except in specific cases where the input of higher management is required.
b. not critical to the success of a budgeting program.
c. subject to review by higher levels of management in order to prevent the budgets from becoming too loose.
d. not subject to review by higher levels of management since to do so would contradict the participative aspect of the budgeting processing.

Answer 1

Answer:

Subject to review by higher levels of management inorder to prevent the budget from.becoming too loose.

Explanation:

A budget can be defined as a finiancial plan which shows how the money received would be spent during a specified period of time. A budget can also be described as a tool which is employed during the decision making of an organization, it can be used to monitor the level of productivity.

A self imposed budget is also known as participatory budget, It is prepared by all the managers in an organization. This type of budget improves cooperation among managers because it motivates each individual, it also helps to increase the profit level of the company.