Explain about an organization that follows participative budgeting, but would want to switch over to traditional budgeting methods for any loss that they may potentially have faced?

Participative budgeting helps in motivating the employees of a firm, and enhancing their productivity and sustainability at work.

1. Explain about an organization that follows participative budgeting, but would want to switch over to traditional budgeting methods for any loss that they may potentially have faced?

2. Disadvantages of Participative Budgeting is that it can be time consuming and creat budgetary slack (employees may overestimate the costs and/or underestimate the revenue projections as a way of manipulating the budget to their advantage.). What are other disadvantaged to Participative Budgeting?

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