Bottom-Up Budgeting Is a Process in Which Lower-Level Managers Anticipate

question 152

True/False

Bottom-up budgeting is a process in which lower-level managers anticipate their departments' resource needs and pass them up to top management for approval.

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Definitions:

Physical Labor

Physical labor refers to work that requires physical effort or manual tasks as opposed to mental work.

Industrial Revolution

A period of major industrialization from the late 18th to early 19th centuries that transformed primarily agrarian, rural societies into industrialized, urban ones.

Rural Activities

Economic, social, and recreational activities that take place in countryside areas, often related to agriculture, forestry, or small-scale manufacturing.

Not-for-Profit Organizations

Organizations that function not to generate profit but primarily concentrate on objectives related to social, educational, or charitable activities.