Top-down budgeting is:
A)when the local managers impose a budget on the top management.
B)when top management sets the budget and imposes it on lower levels of the organization.
C)when customers impose a budget on top management of the company.
D)when top management imposes a budget on the board of directors.

Question

Quizplus · Accepted Answer

Top-down budgeting is when the top management sets the budget and imposes it on lower levels of the organization. Therefore, option B is the correct answer. A, C, and D are incorrect as they do not accurately describe top-down budgeting.

Top-Down Budgeting Is