The most useful budget figures are developed:
A) From the "top-down".
B) From the "bottom-up" following a participatory process.
C) Solely by the budget committee.
D) By the CEO.
E) After the accounting period has begun.

Question

Quizplus · Accepted Answer

Budget figures developed from the "bottom-up" following a participatory process involve input and feedback from various departments and individuals within the organization. This approach ensures that the budget is tailored to the specific needs and priorities of each department, and also promotes buy-in and ownership from all stakeholders.

The Most Useful Budget Figures Are Developed