One of the Approaches to Setting Budgets Is Known as the 'Top

question 53

Multiple Choice

One of the approaches to setting budgets is known as the 'top down' approach. This is best described as:

• A) setting the sales forecast and working from this to other budgets.
• B) budget targets set at the lowest level of management.
• C) budget targets set by senior management.
• D) production budget set first and working from this to other budgets.

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Definitions:

Cease and Desist Order

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Misleading Advertisement

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