Top Down Budgeting Justification
A company's CEO and upper management establish a corporate budget and declare that it will not be altered based on subordinate feedback. Under which of the following circumstances is this approach most appropriate?
A
This approach is beneficial when the company is very large and operates across diverse fields.
B
Top-down budgeting is appropriate when lower-level management lacks the time to prepare a budget.
C
This approach is never appropriate, as lower-level management should always be included in the budgeting process.
D
This approach is always appropriate because it allows top-level management to assume full responsibility for the budget.
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