We offer a diverse selection of courses from leading universities and cultural institutions from around the world. These are delivered one step at a time, and are accessible on mobile, tablet and desktop, so you can fit learning around your life. Show We believe learning should be an enjoyable, social experience, so our courses offer the opportunity to discuss what you’re learning with others as you go, helping you make fresh discoveries and form new ideas. Learn more about how FutureLearn is transforming access to education What is selfA self-imposed budget or participative budget is a budget that is prepared with the full cooperation and participation of managers at all levels. Supervisor Supervisor.
What is a selfAdvantages of Self-Imposed Budget
Budget estimates prepared by front-line managers are often more accurate than estimates prepared by top managers. Motivation is generally higher when individuals participate in setting their own goals than when the goals are imposed from above.
What is master and functional budget?The master budget is the aggregation of all lower-level budgets produced by a company's various functional areas, and also includes budgeted financial statements, a cash forecast, and a financing plan.
What is budget and types of budget in management?There are four common types of budgets that companies use: (1) incremental, (2) activity-based, (3) value proposition, and (4) zero-based. These four budgeting methods each have their own advantages and disadvantages, which will be discussed in more detail in this guide.
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A budget that is prepared with the full cooperation of managers at all levels is a self-imposed or
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