Question: (1) Describe the top-down budget method. What are its advantages and disadvantages? (2) Describe the bottom-up budget method. What are its advantages and disadvantages? (3)

(1) Describe the top-down budget method. What are its advantages and disadvantages?

(2) Describe the bottom-up budget method. What are its advantages and disadvantages?

(3) Which budget method (top-down or bottom-up method) is more likely to result in budgetary slack?Why?

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