type of budgeting is based on estimation of total project cost...

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__________ type of budgeting is based on estimation of total project cost by the top management.

A. top-down

B. bottom-up

C. neural

D. zero-based

Answer: Option A

Solution (By Examveda Team)

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.

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