A Book Publishing Company Follows a Budgeting Approach Wherein the Senior

question 42

Multiple Choice

A book publishing company follows a budgeting approach wherein the senior managers of the company prepare the annual budget with little or no input from the supervisory and middle managers. The company uses this approach as the owners of the company believe that the senior managers are more aware of the long-term strategic needs of the company. In this scenario, the book publishing company is using _____.

• A) top-down budgeting
• B) incremental budgeting
• C) bottom-up budgeting
• D) zero-based budgeting

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Definitions:

Time Management

The process of organizing and planning how to divide one's time between various activities to increase effectiveness, efficiency, or productivity.

Warranties

Legal guarantees from sellers that the product will meet certain quality and reliability standards, and offering repair or replacement if it does not.

High-Quality Goods

High-quality goods are products that meet or exceed customer expectations in terms of performance, durability, and satisfaction, often associated with higher standards of production and materials.

Product Quality

The characteristics and features of a product or service that bears on its ability to satisfy stated or implied needs.