Which of the Following Is Not a Characteristic of Bottom-Up

question 42

Short Answer

Which of the following is not a characteristic of bottom-up budgeting? a. Encourages organization-wide input into the process.
B) Takes advantage of employees' intimate knowledge of operations when formulating plans.
C) Is not as time consuming as top-down budgeting.
D) Increases employees' commitment to achieving budget goals.
E) All of the above are characteristics of bottom-up budgeting.

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Definitions:

Net Income

The total profit of a company after all expenses, including taxes and costs, have been deducted from total revenue.

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.

Premium on Bonds Payable

The amount by which a bond's selling price exceeds its face value.

Interest Expense

The cost incurred by an entity for borrowed funds over a period, which can include payments on debts, loans, or credit lines.