Business Studies · Budgeting
Which of the following best describes a top-down budget?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A budget which is set within the framework of strategic plans determined by top management
- 2A budget which is set without permitting the ultimate budget holder to participate in the budgeting process✓
- 3A budget which is set by delegating authority from top management, allowing budget holders to participate in setting their own budgets
- 4A budget which has been set by scaling down individual expenditure items until the total budgeted expenditure can be met from available resources
Correct answer
A budget which is set without permitting the ultimate budget holder to participate in the budgeting process
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