Asked by Megan kibby on May 10, 2024
Verified
Budget preparation is best determined in a top-down managerial approach.
Top-Down Managerial
A management approach where decision-making and direction come from the top levels of the organization and flow downward.
- Grasp the role of various departments and stakeholders in budget preparation and implementation.
- Identify methods to motivate employees through budgeting.
Verified Answer
YS
Yasmyne SmithMay 13, 2024
Final Answer :
False
Explanation :
Budget preparation is often more effective when using a bottom-up approach, as it involves input from all levels of the organization, ensuring more accurate and realistic budgeting that aligns with actual operational needs and goals.
Learning Objectives
- Grasp the role of various departments and stakeholders in budget preparation and implementation.
- Identify methods to motivate employees through budgeting.
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