A bottomup approach to budgeting allows lower level managers to participate in the development of budgets.

Question

A bottom­up approach to budgeting allows lower level managers to participate in the development of budgets.

Quizplus · Accepted Answer

A bottom-up approach to budgeting involves involving lower level managers in the process of developing a budget, which allows for greater participation and input from those who have more knowledge and understanding of the day-to-day operations of the organization. This is in contrast to a top-down approach, where the budget is developed by higher-level executives without as much input from lower-level employees.

A Bottom­up Approach to Budgeting Allows Lower Level Managers to Participate

A Bottomup Approach to Budgeting Allows Lower Level Managers to Participate