All of the following are considered top-down approaches to determining budgets EXCEPT:
A) the percentage of sales method
B) the affordable method
C) the objective and task method
D) arbitrary allocation

Question

Quizplus · Accepted Answer

The objective and task method is considered a bottom-up approach to budgeting because it involves defining specific objectives, determining the tasks needed to achieve these objectives, and then estimating the costs of performing these tasks, rather than starting with a top-down budget allocation.

All of the Following Are Considered Top-Down Approaches to Determining