Answered

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Which of the following is not a characteristic of a bottom-up budget environment? Executive management creates the budget. At each higher level of management, the budget is reviewed and may be altered. The budget approach may also be referred to as participative budgeting. All of these answer choices are characteristics of a bottom-up budget environment.

Sagot :

The following is not a characteristic of a bottom-up budget environment is:
(A) Executive management creates the budget.

What is Bottom Up Budgeting?

Bottom up budgeting is a shape of monetary budgeting wherein a agency lets in every branch to set their very own price range. Each branch creates a listing of prices and fee projections, that's then submitted for evaluation from senior management. Once agreed, those separate budgets are brought collectively to shape the agency’s common price range.

It is likewise called participative budgeting due to the fact branch managers are given a position in placing their very own budgets. Bottom-up price range techniques permit for extra accuracy and incentivize personnel to play through the budgeting rules.

As discussed, backside-up budgeting is based on every branch supervisor taking possession in their very own spending. But to stay in control, senior management will use budgeting software program and era to supervise development and limits. Ownership and decision-making lives with price range managers, however finance groups have budgetary control.

Currently, simplest 40% of groups appoint a cloud-primarily based totally device. For an multiplied danger of backside up price range achievement throughout all regions of an organization, a software program device is notably recommended.

Thus, we will say that the right choice is A.

Learn more about  Bottom Up Budgeting on:

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