Which of the Following Is Not a Characteristic of a Top-Down

question 87

Multiple Choice

Which of the following is not a characteristic of a top-down budget environment?

• A)Executive management creates the budget.
• B)This approach is referred to as participative budgeting.
• C)The budget is pushed down through the organization.
• D)All of these answer choices are characteristics of a top-down budget environment.

---

Definitions:

Tenancy At Will

A leasehold estate, or tenancy, that continues for as long as both parties desire.

Rental Agreement

A legal document outlining the terms under which one party agrees to rent property from another party.

Easement

The right to use the land of another for a particular purpose.

Joint Tenancy

A form of property ownership in which two or more parties share equal ownership and rights to the entire property.