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.

Evaluate different depreciation methods and their effects on the financial health of a business.

Determine the book value of fixed assets and analyze changes over time.

Understand the concept and methods of depreciation, amortization, and depletion.

Journalize entries for the acquisition, depreciation, amortization, and disposal of assets.

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Definitions:

Academic Performance

The extent to which a student, teacher, or institution has achieved their short or long-term educational goals.

Child-Support Dodgers

Individuals who deliberately avoid or fail to make legally mandated financial support payments for their children.

Deeply Troubled

Experiencing profound emotional, psychological, or social difficulties, often affecting one's well-being and daily functioning.

Co-custody

A legal arrangement where both parents share custody of their child or children following a divorce or separation.