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Marvin, the Chief Marketing Officer of Willard Industries sets the spending limit for his teams and requires all spending to stay within the promotional budget.

Marvin, the Chief Marketing Officer of Willard Industries sets the spending limit for his teams and requires all spending to stay within the promotional budget. What type of budgeting is being used by Willard Industries?
bottom-up budgeting
top-down budgeting
the affordable method of budgeting
the arbitrary allocation method of budgeting
the percentage-of-sales method of budgeting

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