A bottom-up budget approach is also referred to as
A)Participative budgeting.
B)Imposed budgeting.
C)Responsibility budgeting.
D)None of these ans choices are correct.

Question

Quizplus · Accepted Answer

A bottom-up budget approach involves involving employees at all levels in the budgeting process, encouraging them to suggest and justify the resources they need to accomplish their goals. This approach is also known as participative budgeting, as it allows all team members to have a say in the budget. Imposed budgeting is the opposite of this approach, where budget decisions are made at the top based on management directives only. Responsibility budgeting is a term used to describe budgeting methods that emphasize individual accountability for budget goals.

A Bottom-Up Budget Approach Is Also Referred to as