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

question 104

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:

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the party to be charged, in order to be legally enforceable.

Collateral Promise

A collateral promise is a secondary agreement that one party will assume responsibility for another's debt or obligation if that other party fails to fulfill it.

Secondary Obligations

Duties or liabilities that arise not from the primary contract but as a result of ancillary or supplementary agreements or circumstances.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by all parties involved to be enforceable.