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The Two Common Approaches to Budgeting Is the Top-Down Budget

Question 158

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The two common approaches to budgeting is the top-down budget approach and the bottom-up approach.Both methods have advantages and disadvantages both from a practical standpoint and behavioral issues.List two advantages related to each method and two disadvantages that create problems with each approach.

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Top-Down Approach
Advantages
1. It is t...

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