With the top-down budgeting approach the budgeta process, Ask an Expert

Finance

With the top-down budgeting approach the budget:

a. Process begins with the issuance of general budget guidelines by top management or a budget committee.

b. Developmental process centers on lower-level employee participation.

c. Is imposed on lower-level personnel who do not become involved in the budget construction process in a significant way.

d. Is not characterized by sound budget preparation practices.

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Financial Management, Finance

Category:- Financial Management
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