A Top-Down Budget: A

question 53

Short Answer

A top-down budget: a. Often generates expectations which are often too hard to achieve.
B) Should never be prepared since it lacks input of plant supervisors.
C) Is a time consuming approach to budgeting.
D) Should always be prepared since ultimately management is held responsible for meeting the goals set in the budget.

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Definitions:

Evaluating Options

The process of examining and considering different choices or courses of action before making a decision.

Consensus

General agreement or the process of reaching such an agreement among members of a group.

Intangibles

Non-physical assets that cannot be seen, touched, or physically measured, such as brand reputation or intellectual property.

Integrative Negotiation

A negotiation strategy that seeks to create mutually beneficial outcomes by addressing the underlying interests of all parties.