Myopic behaviour is one of the advantages of participative budgeting.

Question

Quizplus · Accepted Answer

Myopic behavior refers to a short-sighted approach, where decisions are made based on temporary gains rather than long-term objectives. Participative budgeting involves the participation of different stakeholders to gather diverse views and inputs for budgeting. This process helps to minimize the chances of myopic behavior by integrating various perspectives and creating a long-term perspective for budgeting. Therefore, myopic behavior is not an advantage of participative budgeting, making option B the correct answer.

Myopic Behaviour Is One of the Advantages of Participative Budgeting