Top-Down Budgeting Refers to

question 61

Multiple Choice

Top-down budgeting refers to

• A) a budgeting system that begins with sales forecasts and works downwards to the raw materials budget.
• B) a budgeting systems that begins with budgeting the facility-level costs.
• C) a budgeting system where senior managers impose budget targets on junior managers.
• D) a budgeting system where there are frequent communications between top and bottom managers.

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Definitions:

Consumer Protection Agency

A governmental organization dedicated to safeguarding the rights and interests of consumers, often by enforcing laws against unfair business practices.

Federal Trade Commission

A United States federal agency established to prevent unfair business practices and protect consumers from anticompetitive, deceptive, and unfair business practices.

Technological

Pertaining to technology; involving, using, or relating to advancements or tools that apply scientific knowledge for practical purposes.

Sociocultural

Relating to the social and cultural aspects or factors that influence a society and its individuals.