Question

In the context of budgeting, 'Top-down Budgeting' refers to a process where:

Q: Answer-In the context of budgeting, 'Top-down Budgeting' refers to a process where:

Top-down budgeting is an authoritative approach where the budget is prepared by upper management with little or no input from lower-level managers. The budget targets are then communicated down the hierarchy for implementation.

A Budgets are prepared by lower-level management.

B Budgets are prepared by the finance department only.

C Senior management sets the budget targets which are then imposed on lower levels.

D Budgets are prepared collaboratively by all departments.

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In the context of budgeting, 'Top-down Budgeting' refers to a process where:

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