Assuming a bottom-up process of budget development, which of the following should be initially responsible for developing sales estimates?
A) The budget committee.
B) The accounting department.
C) The sales department.
D) Top management.
E) The marketing department.

Question

Quizplus · Accepted Answer

The sales department should be initially responsible for developing sales estimates as they have the most knowledge and experience when it comes to forecasting sales. This information will be essential in budgeting for other areas of the business.

Assuming a Bottom-Up Process of Budget Development, Which of the Following