_____________ type of budgeting is based on estimation of total project cost by the top management?
Correct answer: A. Top down
- A. Top down
- B. Bottom up
- C. Neutral
- D. Zero-based
Explanation
Top-down budgeting begins with senior management estimating the overall project cost and then allocating amounts to lower levels. Bottom-up budgeting instead builds the total from detailed estimates made by teams or activities.
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