Using the bottom-up, or participatory approach a. budgets are first developed by individuals who are most knowledgeable regarding their departments’ or programs’ financial needs. b. often initially results in an organizational budget that is not financially feasible. c. requires component budgets to be sent back to the original preparers for revision. d. does not reflect top management’s perspective from the start. e. All of the above. Solution.

1. Using the bottom-up, or participatory approach a. budgets are first developed by individuals who
are most knowledgeable regarding their departments’ or programs’ financial needs. b. often
initially results in an organizational budget that is not financially feasible. c. requires component
budgets to be sent back to the original preparers for revision. d. does not reflect top
management’s perspective from the start. e. All of the above.
Solution