An Advantage of Top-Down Budgeting Is

question 90

Multiple Choice

An advantage of top-down budgeting is:

• A)That top management estimates of project costs are often quite accurate,at least in aggregate.
• B)An elimination of the friction between top and lower levels in the competition for budget money.
• C)That projects are no longer a zero-sum game among lower level managers.
• D)That top management budgets,by definition,cannot experience overruns.

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Definitions:

Changing Environment

A changing environment refers to the dynamic and evolving nature of surroundings or conditions, especially those affecting organizations and necessitating adaptability and flexibility.

Limited Resources

The finite nature of resources available for tasks or operations, often leading to prioritization and strategic planning.

Mapping-Software

A type of software used to create digital maps, enabling the visualization of spatial information for analysis and planning.

Ratio of Benefits

A comparison that measures the relationship between the benefits achieved from an investment or action and the costs incurred.