Top-Down versus Bottom-Up Budgeting Which one of the following statements is false?

a. An advantage of top-down budgeting is that upper management knows the strategic objectives of the company.

b. An advantage of bottom-up budgeting is that segment managers have an excellent understanding of products, technology, and current customer needs.

c. An advantage of top-down budgeting is universal acceptance of the final budget from line employees.

d. An advantage of bottom-up budgeting is that lower managers who help prepare the budget are likely to support the final budget.