Top-Down Budgeting Methods Are Commonly Used Because Of

question 57

Multiple Choice

Top-down budgeting methods are commonly used because of:

• A)their effectiveness.
• B)upper management's desire for control.
• C)the growing availability of computer simulations.
• D)the ease with which a manager can assess the impact of sales on ROI.
• E)their quantitative nature.

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Definitions:

Strategy Formation

The process of developing a set of critical decisions and actions that shape and guide what an organization is, who it serves, what it does, and why it does it.

Product Offerings

The complete set of products and services that a company makes available to consumers.

Analyzing Historical

The process of examining past data, events, or conditions to draw insights or make predictions about future trends.

Tax Codes

The laws and regulations that determine how individuals, corporations, and other entities are taxed by governmental authorities.