Which of the following statements regarding approaches to budgeting is(are) true?
I.Most managers believe that successful budgeting requires a bottom-up approach.
II.A top-down approach involves substantial input from lower-level managers.

Question

Quizplus · Accepted Answer

I is true because a bottom-up approach to budgeting, where lower-level managers contribute significantly to the budgeting process, is often favored for its inclusivity and accuracy. II is false because a top-down approach typically involves senior management setting the budget with little input from lower-level managers.

Which of the Following Statements Regarding Approaches to Budgeting Is(are)