Final answer:
A centralized organization typically employs a top-down budgeting process, consistent with principles established by the Budget and Accounting Act of 1921, to align budgeting with strategic goals.
Step-by-step explanation:
As a general rule, a centralized organization will use a top-down budgeting process.
This approach is closely aligned with the Budget and Accounting Act of 1921, which aimed to create a more orderly and controlled method of budgeting as compared to the piecemeal process previously utilized in the nineteenth century.
In a top-down budgeting system, the allocation of resources and setting of budgetary targets is performed by upper management, and then passed down through the ranks of the organization.
This method reflects the centralized nature of the organization, ensuring that budgeting is consistent with overall strategic goals and directives.