A bottom-up budget approach is also referred to as
A)participative budgeting.
B)imposed budgeting.
C)responsibility budgeting.
D)reverse budgeting.

Question

Quizplus · Accepted Answer

A bottom-up budget approach is also known as participative budgeting, as it involves input and participation from lower-level employees who are closer to the day-to-day operations of a business. This approach contrasts with an imposed or top-down budget approach, where a higher-level manager creates and imposes the budget on lower-level employees. A bottom-up approach can improve employee engagement and buy-in, as they have a say in the budget creation process, resulting in a more accurate and effective budget.

A Bottom-Up Budget Approach Is Also Referred to as