Top-Down Budgeting Typically Results in Better Acceptance of the Budget

question 59

True/False

Top-down budgeting typically results in better acceptance of the budget.

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Definitions:

Job Enlargement

Was developed to increase the total number of tasks workers perform based on the assumption that doing the same basic task over and over is the primary cause of worker dissatisfaction.

Job Description

A formal account of an employee's responsibilities, duties, and scope of work.

Reduction Strategy

A plan implemented to decrease the scale, scope, or operations of an organization, often as part of cost-cutting measures or organizational restructuring.

Stability Strategy

Essentially calls for maintaining the status quo. A company that adopts a stability strategy plans to stay in its current businesses and intends to manage them as they are already being managed. The organization’s goal is to protect itself from environmental threats. A stability strategy is frequently used after a period of retrenchment or after a period of rapid growth.