An Advantage of the Bottom-Up Budgeting Process Is

question 47

Multiple Choice

An advantage of the bottom-up budgeting process is:

• A) its emphasis on bureaucratic control.
• B) lower managers are more involved.
• C) top managers control the information flow.
• D) top managers are often not committed to achieving budget targets.
• E) all of these.

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Definitions:

Internal Supply

Existing employees who can be retrained, promoted, transferred, or otherwise redeployed to fill anticipated future HR requirements.

Labour Market Value

The value that the labor workforce adds to the production of goods or services, often reflected in the wages that employers are willing to pay for specific skills or jobs.

Firm-specific Human Capital

The unique skills, knowledge, and abilities that employees develop through working at a specific firm, contributing to its competitive advantage.

Generic Human Capital

Skills and knowledge that are not specific to a particular job or company but are valuable across different roles and industries.