Which of the Following Is Not True Regarding Top-Down Budgeting

question 24

Multiple Choice

Which of the following is not true regarding top-down budgeting?

• A) It is based on the collective judgments of top and middle managers.
• B) Overall project costs are estimated by top and middle managers and then passed on to the next lower level.
• C) The overall budget cost is generally not very accurate.
• D) Overlooking small but important tasks can lead to a serious budgetary problem.
• E) All of the above are true concerning top-down budgeting.

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Definitions:

Narcissism

Excessive self-love and a selfish orientation.

Self-esteem

An individual's subjective evaluation of their own worth or abilities.

Narcissism

A personality trait characterized by an inflated sense of self-importance and a deep need for admiration and attention.

Self-esteem

A person's personal assessment of their own value, including their self-perceptions and emotional conditions.