Complete the sentences below with the correct terms.

Megan is the events director for a large hotel chain. Today she is comparing the amount of money the hotel made from weddings last year with the amount of money she expected to make. This will help her to determine how much is a reasonable figure to spend for next year's advertising. Megan is using for the hotel.

Lisa is wondering if her company is earning the income they expected to earn at the beginning of this year. She looks at to see how the money looks, while remembering that this budget does not show cash outlays.

Use your knowledge of budgeting to answer the following question.

This year, your manager asked you to throw out last year's budget and tell her what you really need to spend. She wants you to hand in a budget that has a justification for every expense on it$.$ This is known as:

Top$-$down budgeting

Bottom$-$up budgeting

Zero$-$based budgeting