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sir one of the advantages of imposed style budget preparation is that -“managers cannot use budgets to play games which disadvantage other budget holders”. Now, i don’t quite understand this. Could yo please help me understand this statement sir?
Thank you!
The term used in the exam is not ‘imposed style budgeting’, instead the exam calls it ‘top-down budgeting’.
As I explain in my free lectures, top-down budgeting does not involve individual managers preparing their own budgets and so they cannot prepare budgets that make them look good but make other managers look bad.
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