_____ is the budgetary approach that begins with an estimate from top management of the pay increase budget for the entire organization.
A) Bottom-up budgeting
B) Top-down budgeting
C) Managerial plan
D) Executive estimate budgeting

Question

Quizplus · Accepted Answer

Top-down budgeting is the approach where top management provides an estimate for the entire organization's pay increase budget, which is then allocated to individual departments or positions. Bottom-up budgeting, on the other hand, starts at the departmental level and cumulates to form the organization's budget. Managerial plan and executive estimate budgeting are not specific budgeting approaches.

_____ Is the Budgetary Approach That Begins with an Estimate