Accounting · Budgetary Systems
Which of the following best describes a 'top-down' budgeting approach?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A budget set by scaling down individual expenditure items until total resources are met.
- 2A budget set by delegating authority from top management, allowing full participation from budget holders.
- 3A budget which is imposed by top management without permitting lower-level budget holders to participate in the process.✓
- 4A budget developed completely at the operational level and then approved by upper executives.
Correct answer
A budget which is imposed by top management without permitting lower-level budget holders to participate in the process.
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