【单选题】Which of the following is not a description of a 'top-down' budgeting process?
A.
The process starts with sales, then progresses to production, materials usage and other functional budgets.
B.
Top management prepare a budget with little or no input from operating personnel.
C.
A top-down budget sets out the board's targets for the forthcoming period.
D.
The top level budget is financial, and will contain an income statement, balance sheet and cash flow budget.