Top-Down Budgeting Methods Are Commonly Used Because Of

question 53

Multiple Choice

Top-down budgeting methods are commonly used because of:

• A) Their effectiveness
• B) Upper management's desire for control
• C) Their quantitative nature
• D) The ease with which a manager can assess the impact of sales on ROI

---

Definitions:

Parking Rates

the fee charged for the use of a parking space, typically determined by duration and location.

Pricing Strategy

A plan or approach adopted by a business to set prices for its products or services to achieve specific marketing objectives.

LRMC

Long-Run Marginal Cost, which is the increase in cost a company faces to produce one additional unit of output when all factors of production are variable.

Infer High Quality

Deduce or conclude (information) to be of superior standards or excellent nature.