Budget preparation is best determined in a top-down managerial approach.

Question

Quizplus · Accepted Answer

Budget preparation is best determined in a participatory approach where input is obtained from all levels of management and stakeholders. This approach allows for a more accurate and comprehensive budget that takes into account the needs and constraints of all parties involved. A top-down approach may result in unrealistic or unattainable budget goals and objectives.

Budget Preparation Is Best Determined in a Top-Down Managerial Approach