Either Top Down Budgeting or Participative budgeting Below is a list of budgetin

Question

Either Top Down Budgeting or Participative budgeting

Below is a list of budgeting process characteristics. Match the characteristic with the correct method of budgeting by selecting the appropriate dropdown for each characteristic. 1. All managers have a voice in the budgeting process [Selectl 2. Generally takes less time to budget and is less costly [Select] 3. Only senior management is involved in the budgeting process 4. Generally results in more realistic and attainable goals [Select1 ISelect ]

Explanation / Answer

Top Down budgeting - It is a budgeting method where the top-level management prepares high-level budget for the company as a whole.

Participative budgeting - When all the people who get impacted by the budget come together in the preparation of a budget, it can be termed as Participative Budget

1. All managers have a voice in the budgeting process - Participative budgeting

2. Generally takes less time to budget and is less costly - Top Down Budgeting

3. Only senior management is involved in the budgeting process - Top Down Budgeting

4. Generally results in more realistic and attainable goals - Participative Budgeting

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