One of the Approaches to Setting Budgets Is Known as the 'Top

question 7

Multiple Choice

One of the approaches to setting budgets is known as the 'top down' approach. This is best described as:

• A)production budget set first and working from this to other budgets.
• B)budget targets set at the lowest level of management.
• C)setting the sales forecast and working from this to other budgets.
• D)budget targets set by senior management.

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