A Top-Down Budget: A

question 53

Short Answer

A top-down budget: a. Often generates expectations which are often too hard to achieve.
B) Should never be prepared since it lacks input of plant supervisors.
C) Is a time consuming approach to budgeting.
D) Should always be prepared since ultimately management is held responsible for meeting the goals set in the budget.

Identify the concept of span of control within project management.

Understand the concept of the Darnall-Preston Complexity Index (DPCI) and its application in assessing project complexity.

Comprehend the principles of project procurement and supplier relationship management.

Recognize the range of administrative and control functions in projects.

---

Definitions:

Market Yield

The annual income return as a percentage of the market price of an investment.

Zero-Coupon Bond

A type of bond that does not pay interest during its life but is sold at a deep discount, providing profit at maturity when it is redeemed for its face value.

Matures

The point at which a financial instrument, such as a bond or loan, reaches its due date and the principal is to be paid back.

Yield-To-Maturity

The total return anticipated on a bond if the bond is held until its maturity date, considering all interest payments and the principal repayment.