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stepladder [879]
3 years ago
10

LO 7.1Which of the following is true in a bottom-up budgeting approach?

Business
1 answer:
Sedbober [7]3 years ago
6 0

Answer:

The correct answer is letter "D": Departments determine their needs and relate them to the overall goals.

Explanation:

The bottom-up budgeting approach consists in giving each department within a firm the power of setting and controlling their budget according to the projects the department intends to develop that matches with the ultimate goal of the organization as a whole. It might be beneficial because each department is likely to come up with a budget that adjusts better to their needs but it could represent a headache for the company when it comes to racking each expense for each area.

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