Which of the Following Is Referred to as the Bottom-Up

question 63

Multiple Choice

Which of the following is referred to as the bottom-up aspect of the budgeting process?

• A) lower-level managers setting their individual targets that aggregate to be the company-wide target
• B) senior managers consulting middle- and lower-level managers to investigate any deviations from the budget
• C) lower-level managers implementing the budgets with senior managers monitoring progress and investigating deviations
• D) lower-level managers providing inputs to the budgeting process based on their specialized knowledge and familiarity of the operation

---

Definitions:

Homestead Exemption

A legal provision that protects a portion of a homeowner's value from property taxes or creditors.

Legislative History

A record of the documents, hearings, and discussions involved in the creation and passing of a law or statute.

Financial Discipline

The practice of managing one's personal or organizational finances responsibly, following a plan to achieve specific financial goals.

Chapter 13

A type of bankruptcy in the U.S. that allows individuals with a regular income to develop a plan to repay all or part of their debts.