When Managers at Each Level Are Responsible for the Budget

question 50

Multiple Choice

When managers at each level are responsible for the budget they need based on input from their subordinates, it is known as _________________ budgeting.

• A) all-levels
• B) flexible
• C) holistic
• D) democratic

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Definitions:

Rational Authority

A form of leadership where authority is based on legal rationality, professional knowledge, and official positions rather than personal power.

Agreed Upon Rules

Stipulations or guidelines that have been consensually accepted and followed by members of a group or society to facilitate order and predictability.

Charismatic

Pertaining to an individual's exceptional personal qualities or abilities that inspire devotion or fascination in others.

Traditional

Relating to customs, beliefs, or methods that have existed for a long time without significant change, often passed down from generation to generation.