Bike X is a not-for-profit organization that provides a free children's bicycle exchange. The organization receives grants and donations to purchase bikes and to facilitate families swapping bikes for their children. Bike X has four full-time program directors: three joined Bike X in the last couple of months. The executive director has been with Bike X since its inception and has worked in all areas of the organization. Bike X's accounting function is performed by a bookkeeper who is contracted for 12 hours per week. This is Bike X's 10th year of operations, and the budget is being prepared. Which one of the following budgeting methods is the most appropriate for Bike X? A. Participative budgeting B. Zero-based budgeting C. Activity-based budgeting D. Top-down budgeting

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