Nasim Has Come to You for Advice About Conducting a Virtual

question 82

Multiple Choice

Nasim has come to you for advice about conducting a virtual meeting.What is the best advice you can give him?

• A)Recap and summarize often throughout the meeting.
• B)Avoid asking questions of specific people as this might intimidate them.
• C)Keep summarizing to a minimum to save time.
• D)Avoid small talk or introductions since people regard them as a waste of time.

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Definitions:

Zero-based Budgeting

A budgeting method that starts from a "zero base" every period, requiring all expenses to be justified for each new period, as opposed to being carried forward.

Top-Down Budgeting

A budgeting approach where the budget is created by top-level management and then distributed to lower levels for implementation.

Bottom-Up Budgeting

A budgeting process where the budget is prepared with the input and estimates coming from lower-level staff, before being aggregated and approved at higher levels.

Operating Budgets

A financial plan that estimates the expected income and expenses for a specific period in the future, often used to guide business activities.