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In at least 225 words answer the following: (Please cite any references used) What is the difference...

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Finance

In at least 225 words answer the following: (Please cite anyreferences used)

What is the difference between top-down and participativebudgeting? Which method do you think is the most effective, andwhy?

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In corporate budgeting a topdown approach involves the senior management team developing a highlevel budget for the entire organization With a bottomup approach the process starts in the individual departments    See Answer
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In at least 225 words answer the following: (Please cite anyreferences used)What is the difference between top-down and participativebudgeting? Which method do you think is the most effective, andwhy?

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