What type of budgeting is it when top management prepares the budget with little or no input from middle and supervisory managers?
A) bottom-up budgeting
B) budgetary slack budgeting
C) top-down budgeting
D) participatory budgeting

Question

Quizplus · Accepted Answer

Top-down budgeting is a budgeting approach where top management prepares the budget without or minimal input from middle and supervisory managers. This approach may not consider lower-level staff's practicalities, and therefore goals may not be realistic. However, this approach can create a centralized budgeting process.

What Type of Budgeting Is It When Top Management Prepares