Imposed style of budgeting (top-down budgeting) approach to budgeting is where top management prepare a...

90.2K

Verified Solution

Question

Accounting

Imposed style of budgeting (top-down budgeting) approach to budgeting is where top management prepare a budget with little or no input from operating personnel which is then imposed upon the employees who have to work to the budgeted figures.
Discuss the advantages and disadvantages of this approach

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students