A top-down approach to budgeting is one that is C-imposed
explanation: top-down approach to budgeting is an approach, where sole power of making high level budgets are in the hands of Senior Management. departmental managers are responsible to implement those budgets in their respective departments accordingly. therefore top-down approach to budgeting is neither participative nor motivational.
however, it is not tight because departmental managers may give their suggestions on the budgets prepared by senior management but whether to accept their suggestions or not, are totally in the hands of senior management. therefore tA top-down approach to budgeting is one that is -imposed
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