In the Context of Budget Preparation, Which of the Following

question 140

Multiple Choice

In the context of budget preparation, which of the following is an advantage of using bottom-up budgeting?

• A) It is less time consuming than the top-down approach.
• B) It eliminates the possibility of budgetary slack.
• C) Middle managers are likely to be highly motivated to achieve budgetary goals.
• D) Supervisory managers are likely to know the long-term strategic needs of a company.

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Definitions:

Political Strategies

Approaches used within organizations to acquire, develop, and use power and other resources to obtain one's preferred outcomes in a situation in which there is uncertainty or disagreement about choices.

Indirect Lobbying

Indirect lobbying involves attempting to influence legislation and public opinion through campaigns that mobilize public support, rather than direct interaction with legislators.

Innovative

Characterized by creativity and the ability to bring forth new ideas, methods, or products that can lead to progress and improvement.

Managers

Individuals within an organization responsible for setting objectives, organizing resources, and overseeing the day-to-day operations to achieve these objectives.