[Solved] In a Top-Down Approach to Budgeting, What Occurs?

Question 39
Multiple Choice

In a top-down approach to budgeting, what occurs?

A)The upper-level managers impose a budget without soliciting input from department managers.
B)Lower-level managers are the primary source of information used in setting the budget.
C)The production budget is developed before the sales budget.
D)Each budget amount projected by upper-level managers is approved or disapproved by lower-level managers.

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