Which of the following statements about the top-down and bottom-up components of the budget-setting process...
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Accounting
Which of the following statements about the top-down and bottom-up components of the budget-setting process is correct? The top-down component helps push managers to set stretch goals to get improvement. The bottom-up component helps the company incorporate the company's overall strategy into the company's detailed planning. The bottom-up component incorporates more of the knowledge from top managers who understand big-picture issues such as macroeconomic factors. The top-down component incorporates more detailed front-line information, such as the behavior and preferences of customers at a particular store
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