A Negotiated Budgeting Process Is

question 16

Multiple Choice

A negotiated budgeting process is:

• A) Less effective than an authoritative budget.
• B) An alternative way to express a "bottom-up" approach to budget preparation.
• C) A combination of "top-down" and "bottom-up" approaches to budget preparation.
• D) Less costly to implement than an imposed (i.e., authoritative) budget.
• E) Generally completed after one round of negotiation.

---

Definitions:

Bulk Purchases

The act of buying goods or commodities in large quantities, often at a discount, mainly for commercial purposes.

Sales Approach

The sales approach is a strategy or method used by sales professionals to engage potential clients and persuade them to purchase a product or service.

Buyer

An individual or organization that makes a decision to purchase goods or services.

Consciously Aware

The state of being fully attentive and mindful of one's surroundings and own thoughts and actions.