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

question 5

Multiple Choice

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:

Imperfect Information

The absence of full knowledge concerning product characteristics, available prices, and so on.

Peer Lending

A financial transaction in which individuals lend money to each other directly, often facilitated by an online platform, bypassing traditional financial intermediaries.

Savings Deposits

Accounts in financial institutions that allow individuals to deposit money and earn interest over time.

Import Substitution

An industrial trade strategy that favors developing local industries that can manufacture goods to replace imports.