40. Which of the following is not a characteristic of a participative budget?

Multiple choices

A. It will produce a more accurate budget than an imposed budget.

B. It is the most efficient method of budget preparation.

C. It is a time consuming process as many people must provide input.

D. It tends to elicit more commitment to the budget than a top-down budget.

39. Which of the following budget approaches begins each year at $0 and each individual budget item must be justified?

A. Zero-based budgeting

B. Justification-based budgeting

C. Governmental-based budgeting

D. Dollar value based budgeting

36. The organizational structure in which decision-making authority is dispersed throughout the organization is called

A. decentralization

B. segmented

C. centralized

D. divisional hierarchical autocratic representation