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

question 105

Multiple Choice

Which of the following is NOT a characteristic of bottom-up budgeting?

• A)It encourages organization-wide input into the process.
• B)It takes advantage of employees' intimate knowledge of operations when formulating plans.
• C)It is not as time consuming as top-down budgeting.
• D)It increases employees' commitment to achieving budget goals.

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Definitions:

Externality

An externality is a consequence of an economic activity experienced by unrelated third parties; it can be either positive (beneficial) or negative (harmful).

Exotic Fish

Fish species that are not native to a specific location, often kept in aquariums or introduced to new environments where they can sometimes become invasive.

Common Resources

Natural or man-made resources that are not excludable but are rival in consumption, such as fish in the sea or public parks.

Excludable

A characteristic of a good or service that means it can be prevented from being used by people who have not paid for it.