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Budget Controls: Top-Down, Bottom-Up, Zero-Based & Flexible Budgeting

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is NOT a function of the budget?

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1. A CEO of a company and a few members of upper management decided on the budget for the company and have stated there will be no changes of it based on the feedback of their subordinates. In which of the following cases is such action a good idea?

2. Why can bottom-up budgeting be a good idea?

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About This Quiz & Worksheet

This quiz and corresponding worksheet will help you gauge your understanding of budget controls used in organizations. To pass this quiz, you should know aspects of each of the types of budget controls.

Quiz & Worksheet Goals

Use these assessment tools to see what you know about:

  • Top-down budgeting
  • Bottom-up budget
  • The particulars of zero-based budgeting
  • Characteristics of flexible budgeting
  • The term budget

Skills Practiced

Students will use these skills:

  • Defining key concepts - ensure that you can accurately define main phrases, such as budget and top-down budgeting
  • Reading comprehension - ensure that you draw the most important information from the related lesson on types of budget controls
  • Interpreting information - verify that you can read information regarding the types of budget controls and interpret it correctly

Additional Learning

If you are interested in learning more about this subject, you can take a look at the lesson titled Budget Controls: Top-Down, Bottom-Up, Zero-Based & Flexible Budgeting. You'll study these topics:

  • Purpose of a budget
  • Examples of top-down budgeting
  • Where zero-based budgeting starts
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