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:

Perpetual Inventory System

An inventory management system where records of inventory quantities are updated on a continuous basis as transactions occur.

Accounts Payable

The amount of money a company owes creditors (suppliers, etc.) in return for goods and services they have delivered.

Merchandise Inventory

The value of a company's current inventory of goods available for sale.

Perpetual System

An inventory management system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.