When Properly Performed,bottom-Up Budgeting Has the Disadvantage Of

question 35

Multiple Choice

When properly performed,bottom-up budgeting has the disadvantage of:

• A)a lack of detail needed in project plans.
• B)a lack of coordination among project managers and functional department heads.
• C)being a hindrance to top managers when prioritizing projects that are competing for the same scarce resources.
• D)a reduction of top management's control of the budget process to one of oversight.

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Definitions:

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs).

Return on Stocks

The earnings generated from investing in stocks, typically measured in terms of dividend payments and capital gains.

Return on Bonds

Return on bonds is the total income an investor receives from a bond, calculated as a percentage of the bond's purchase price, including interest payments and value appreciation.

Higher Risk

Refers to situations or investments that are more likely to result in loss or have a greater variability of returns.