budżet oddolny
English translation: bottom-up budget
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| 18:49 Mar 20, 2007 |
| Polish to English translations [PRO] Bus/Financial - Economics | |||||||
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|  Selected response from: Mariusz Kuklinski United Kingdom Local time: 04:37 | ||||||
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| 5 +1 | bottom-up budget |
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Answers
25 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1bottom-up budget Explanation: 1. It is often presumed that a top-down budget process leads to a smaller overall budget than a bottom-up budget process. We show, using structurally induced equilibrium theory... 2. It is generally expected that as this "bottom-up" budget moves from lower-level managers back up through the executive ranks, the process itself, and the more informed perspective of an executive, takes additional information into account, and therefore the budget takes "reality" into account. But the reality of what is happening is that the budget is transforming from the "operational" perspective it has at the lower levels back into the financial perspective that the budgeting process demands... Reference: http://www.zei.de/download/zei_wp/B00-18.pdf Reference: http://www.usbusiness-review.com/content_archives/Sept06/02.... |
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