In a top-down approach to budgeting, what occurs? A. The upper-level managers impose a budget without soliciting
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Question:
In a top-down approach to budgeting, what occurs?
A. The upper-level managers impose a budget without soliciting input from department managers.
B. Lower-level managers are the primary source of information used in setting the budget.
C. The production budget is developed before the sales budget.
D. Each budget amount projected by upper-level managers is approved or disapproved by lower-level managers.
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