Budgeting Strategies

You have learned about budgeting strategies and how to effectively put a budget in place. You also have looked at how to create various budgets. For your discussion board post in week five please read case 9-46 on the bottom of page 423 in your textbook. Then in your post answer the two questions posed regarding this case.

Describe several operational and behavioural benefits that are generally attributed to a participative budgetary process. Identify at least four deficiencies in Patricia Eklund’s participative policy for planning and performance evaluation purposes. For each deficiency identified, recommend how it can be corrected.