When Upper-Level Management Prepares a Budget with Consultations from Managers

question 55

Multiple Choice

When upper-level management prepares a budget with consultations from managers and employees, the firm has a

• A) Participative budget
• B) Zero-based budget
• C) Flexible budget
• D) Activity-based budget

---

Definitions:

Ming Court Painter

An artist employed during the Ming Dynasty in China, typically tasked with creating artwork for the imperial court and its officials.

Historical Exemplars

Figures or events from the past that serve as models or examples to be emulated or learned from in various contexts.

Yan Liben

A celebrated Chinese painter and government official of the Tang Dynasty, known for his portraits of prominent figures.

Joseon Dynasty

A Korean dynastic kingdom that lasted for approximately five centuries, noted for its cultural achievements and advancements.