Answer (D) is correct . Bottom-up budgeting is the best way of motivating managers to meet budget estimates because it permits participation in the budget process. Lower level managers who take part in budgeting decisions are more likely to support the result and less likely to feel that the budget has been imposed from above.
Answer (A) is incorrect because A top-down budget is less likely to motivate lower level managers who have not participated in its formation.
Answer (B) is incorrect because Zero-based budgeting is a means of adding objectivity to the budget process; employee motivation is not a particular goal.
Answer (C) is incorrect because Program budgets are formulated by objective rather than function.
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