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:

Public International Law

A body of legal rules and norms that governs the conduct and relations of states, international organizations, and, in certain cases, individuals.

Sovereign Governments

The ultimate authority within a defined geographical territory, responsible for creating and enforcing laws.

Legal Jurisdiction

The authority given to a legal body to administer justice within a specific area of responsibility.

Intellectual Property

Legal rights that protect creations of the mind, such as inventions, literary and artistic works, designs, and symbols.