Centralized budgeting provides a top down, one size fits all type of budgeting process. You get the benefit of equal shares to each department or sub-group, along with less internal squabbling and competition. However, centralized budgeting lacks flexibility and agility to respond to emergencies and unique circumstances that may arise within sub-groups.
Provided by: Mometrix Test Preparation
Last updated: 12/15/2017
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