What Is a Disadvantage of the "Bottoms-Up" Approach to Budgeting

question 65

Multiple Choice

What is a disadvantage of the "bottoms-up" approach to budgeting?

• A)Lower level management is not apt to know as much about their specific area as upper management who has a better view of the overall picture.
• B)When lower management is part of the budgeting process they are less likely to "buy into it".
• C)It is time consuming and therefore more costly.
• D)It is more apt to be widely seen as unrealistic than is the case with a "top-down" approach.

Comprehend the distinction between conscious, preconscious, and unconscious mind segments as per Freud's theory.

Recognize the influence of psychoanalytic theory on the perception of self and others.

Gain knowledge about the significance of dreams and their interpretation in psychoanalytic theory.

Describe the social-cognitive perspective on personality, including the concepts of self-efficacy and reciprocal determinism.

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Definitions:

Stability

A condition in which national output is growing steadily, with low inflation and full employment of resources.

Post Hoc, Ergo Propter Hoc

A logical fallacy that suggests a causal relationship because one event followed another in time, even though no causal connection exists.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to analyze the effect of one variable on another, holding all other factors constant.

Fallacy Of Logic

An error in reasoning that renders an argument invalid or undermines the argument's logical structure.