Question

Prenora Inc., a newly established company, is set to prepare its first budget. The top management of the company decides to use a budgeting approach that will seek active participation from the middle and supervisory managers of the company. In the given scenario, Prenora Inc. will most likely use the _____ to budgeting.

Answer 1

Answer:

bottom-up approach

Explanation:

According to my research on different types of approaches to budgeting, I can say that based on the information provided within the question Prenora Inc. will most likely use the bottom-up approach to budgeting. This type of budgeting method focuses on determining the costs of each section of an organization and then totaling them all up, and this is mostly worked on by middle management. Which is why we can say that this is the budgeting method that they will most likely use.

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