Which statement best defines a participative budget? Select one: O a. It is NOT critical to the success of a budgeting program. O b. It is NOT subject to review by higher levels of management since to do so would contradict the participative aspect of the budgeting processing. O c. Given to shareholders to review and evaluate. O d. It is NOT subject to review by higher levels of management except in specific cases where the input of higher management is required. O e. It is subject to review by higher levels of management in order to prevent the budgets from becoming too loose