A Budgeting Process in Which Lower-Level Managers Budget Their Departments

question 120

Short Answer

A budgeting process in which lower-level managers budget their departments' resource needs and pass them up to top management for approval is called _____ budgeting.

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Definitions:

Hegemony

The domination of one group over others, often achieved through cultural, ideological, or economic means rather than by direct force.

Economic Competition

The rivalry among companies in the marketplace for the consumer's preference in order to maximize sales, profits, and market share.

Vested Interests

Parties with a strong existing interest in maintaining or influencing a particular condition or set of policies for personal or economic gain.

Patriarchy

In this system, males are the primary holders of power, leading in government, moral leadership, enjoying societal benefits, and owning property.