__________ 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.This Question Belongs to Management >> Management Information System (MIS)
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