A top-down budget approach is also referred to as
A)participative budgeting.
B)imposed budgeting.
C)responsibility budgeting.
D)None of these answer choices are correct.

Question

Quizplus · Accepted Answer

A top-down budget approach is also referred to as an imposed budgeting approach, in which the budget is created by senior leaders or executives and then imposed on lower levels of the organization. It does not involve participation from lower-level employees, which is typical of participative budgeting. Responsibility budgeting involves allocating budgets to specific departments or individuals based on their responsibilities. Therefore, the correct answer is B) imposed budgeting.

A Top-Down Budget Approach Is Also Referred to as