In a Bottom-Up Approach to Budgeting, the Primary Source of Information

question 137

Multiple Choice

In a bottom-up approach to budgeting, the primary source of information used in setting the budget is

• A)based on forecasted economic conditions.
• B)based on industry forecasts.
• C)provided by the controller.
• D)provided by lower-level managers.

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Definitions:

Behavior

Actions or reactions of an individual or group in response to external or internal stimuli.

Remittitur

A court-ordered reduction of an excessive jury verdict in a civil case.

Trial Court

The court where a case is initially tried, involving presentation of evidence and witness testimony before a judge or jury for a verdict.

Prima Facie

Latin for 'at first sight,' it refers to evidence or facts that are sufficient to prove a case or establish a claim unless disproven by other evidence.