Question: If anyone could explain in simple language with few examples? Question 2 (word limit: 500 words) Jack Stratton has seen the Pillar Group, a not-for-profit

 If anyone could explain in simple language with few examples? Question

If anyone could explain in simple language with few examples?

Question 2 (word limit: 500 words) Jack Stratton has seen the Pillar Group, a not-for-profit organization, grow during the past ten years to a S750 million revenue, nation-wide organization. Jack was promoted to his controller position six months ago, after serving capably in several financial accounting positions at the Pillar Group. At a Budget Review Committee meeting last Monday, several committee members expressed frustration with the pace of the budget development. They described the newly introduced bottom up system of participative budgeting as costly, repetitive, and unwieldy. Jack's objective in introducing level supervisors and employees. the participative approach was to involve to a much greater extent lower Required: (a Describe participative budgeting (2 marks) (b) Identify six benefits of participative budgeting to Pillar Group

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