Priya is an area manager at ironman gym. she anticipates her area's needs and formulates a proposed budget every quarter. she then sends this proposal to her manager. this is an example of:________

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25-07-2022
Social Studies

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Priya is an area manager at ironman gym. she anticipates her area's needs and formulates a proposed budget every quarter. she then sends this proposal to her manager. this is an example of:________

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tripatsingh039 tripatsingh039 · Answer 1 · 2022-08-06T14:34:24+02:00

Priya is an area manager at ironman gym. she anticipates her area's needs and formulates a proposed budget every quarter. she then sends this proposal to her manager. this is an example of bottom-up budgeting.

Bottom-up budgeting is a method of creating budgets that begins at the departmental level and works its way up. Each department within the business must create a list of the supplies it requires, the projects it intends to complete throughout the upcoming fiscal year, and cost projections. The total corporate budget is then calculated by adding the estimations of all the department. Since they are aware of the projected costs for the projects to be carried out, the managers of each department are expected to contribute.

Learn more about Bottom-up budgeting here:

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