Q177
__________ type of budgeting is based on estimation of total project cost by the top management.
A.
top-down
AnswerB.
bottom-up
C.
neural
D.
zero-based
Answer: Option A
Solution
Answer: Option A
Solution:
Top-down type of budgeting is based on estimation of total project cost by the top management. Top-down budgeting is a budgeting method in which senior management develops a high-level budget for the company. Once the top-level numbers are created, amounts are allocated to individual functions or departments that must create a detailed budget with their allocation.