What is a disadvantage of budgeting?

a.) Budgets provide short-term guidance only.

b.) Budgets make it more difficult to coordinate the activities of the entire organization

c.) Budgets can incorporate too much slack when participative budgeting is used.

d.) Budgets are of little value in uncovering potential bottlenecks.

A self-imposed or participative budget is used in order to?

a.) Prevent budgets that generate undeserved bonuses

b.) Set budgets that reflect the most ideal circumstances possible

c.) Set budgets with a lot of slack to ensure the budget will be met.

d.) Prevent unrealistic budgets imposed by top managements