Which of the Following Is NOT True Regarding Bottom-Up Budgeting

question 24

Multiple Choice

Which of the following is NOT true regarding bottom-up budgeting?

• A) The method tends to be inaccurate in the detailed tasks.
• B) The WBS is used to identify the elemental tasks.
• C) It is rarely used.
• D) It is a good managerial training technique.
• E) All of the above are true concerning top-down budgeting.

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Definitions:

Lack of Consideration

A situation in contract law where an agreement lacks the exchange of something of value, rendering the contract potentially unenforceable.

Conditional Promises

Commitments that are contingent upon the occurrence of a specified event or situation.

Mutual Consideration

The exchange of value or promises that each party agrees to in a contractual agreement.

The Code

A term often used to refer to a specific body of systematic and comprehensive laws or regulations governing a particular area, such as the Uniform Commercial Code.