A self-imposed budget or ________________ budget is a budget that is prepared with the full cooperation of managers at all levels.

Question

Quizplus · Accepted Answer

A participative budget involves input and collaboration from all levels of management, whereas a perpetual budget is a continuous budget that is updated regularly without input from managers. A master budget encompasses all of the company's budgets and financial plans, not just one type of budget. A responsibility budget is a budget that assigns responsibility to a specific manager or department for certain costs or expenses.

A Self-Imposed Budget or ________________ Budget Is a Budget That