The budgeting approach that requires senior management of each unit to estimate the pay increase for the entire organization unit is known as the:
A)bottom-up budgeting approach
B)peer budgeting approach
C)top-down budgeting approach
D)employee-participation budgeting approach
E)decentralized budgeting approach

Question

Quizplus · Accepted Answer

The top-down budgeting approach involves senior management estimating and setting the budget, including pay increases, for the entire organization or its units.

The Budgeting Approach That Requires Senior Management of Each Unit