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:

Labor-intensive Industries

Sectors or businesses that require a large amount of labor to produce goods or services, as opposed to being heavily automated or equipment-oriented.

Availability

The extent to which a product or service is obtainable and ready for use by customers.

Cost of Labor

The total amount spent by businesses on employee wages, benefits, and payroll taxes.

Supply Chain Operation

The execution and management of activities involved in sourcing, procurement, conversion, and logistics management to produce and deliver goods or services.