Top-Down Budgeting,where Input Is Gathered Directly from the Organization's Top

question 91

True/False

Top-down budgeting,where input is gathered directly from the organization's top management,is often quite accurate.

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Definitions:

Supply Chain Management

The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

Systems Approach

A holistic analysis method that views a system as an interconnected set of parts that work together to accomplish specific goals.

Tiers of Suppliers

Different levels within the supply chain, categorized based on their directness of relationship to the company, from raw material suppliers to finished goods producers.

Sustainability Performance

An evaluation of how well a company or product manages its responsibilities towards the environment, economy, and society for long-term sustainability.