A participative relationship is the keystone of ________ budgeting.
A) hierarchical
B) centralized
C) bottom-up
D) top-down

Question

Quizplus · Accepted Answer

Participative budgeting, also known as bottom-up budgeting, is a process where employees at different levels of the organization are involved in creating the budget. This creates a participative relationship where everyone's input is valued and considered. The other options, hierarchical, centralized, and top-down, are all examples of budgeting processes where the budget is created by a select few at the top of the organization and pushed down.

A Participative Relationship Is the Keystone of ________ Budgeting