The Budgeting Approach That Requires Senior Management of Each Unit

question 7

Multiple Choice

The budgeting approach that requires senior management of each unit to estimate the pay increase for the entire organization unit is known as the:

• A)bottom-up budgeting approach
• B)peer budgeting approach
• C)top-down budgeting approach
• D)employee-participation budgeting approach
• E)decentralized budgeting approach

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Definitions:

Horatio Seymour

An American politician from New York who served as the Governor of New York and was the Democratic Party's nominee for President in 1868.

Presidential Election

The selection process for appointing a president, which usually involves a nationwide vote to choose among candidates nominated by political parties or standing as independents.

Land Redistribution

The process by which ownership of land is reallocated, often as a policy intended to equitize the distribution of agricultural land or to rectify historical imbalances in ownership.

Rural Freedmen

Refers to formerly enslaved African Americans who lived in rural areas of the Southern United States following the Civil War and Emancipation.