Top-Down Budgeting Is Also Referred to as Participative Budgeting

question 28

True/False

Top-down budgeting is also referred to as participative budgeting.

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Definitions:

Structural Power

The power held by individuals or groups due to their positions within the organizational, economic, or social structures.

Legitimacy

The general perception that an action, entity, or law is appropriate, just, and acceptable within a societal context.

Employee Ownership

A business model where employees have a significant stake in the company, often through stock ownership plans, influencing its direction and sharing in its profits.

Business Decisions

Choices or resolutions made by the leadership of a company regarding its operations, strategy, and resource allocation.