A Budget Strategy That Is Based on Collecting the Judgments

question 33

Multiple Choice

A budget strategy that is based on collecting the judgments and experiences of top and middle managers is referred to as the __________ approach or method.

• A)parametric estimating
• B)statistical equivalence
• C)bottom-up estimating
• D)top-down estimating

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Definitions:

Zones of Proximal Development

The difference between what learners can do without help and what they can achieve with guidance and encouragement from a skilled partner.

Lev Vygotsky

Lev Vygotsky was a Russian psychologist who contributed significantly to developmental psychology, especially known for his theories on cultural-historical psychology and the zone of proximal development.

Deferred Imitation

A cognitive behavior observed in children, where they are able to replicate an action after a delay, demonstrating memory and understanding of the behavior.

Dynamic Systems

A conceptual framework in several scientific fields for understanding how complex behaviors emerge through interactions within and between systems over time.