Assuming a Bottom-Up Process of Budget Development, Which of the Following

question 131

Multiple Choice

Assuming a bottom-up process of budget development, which of the following should be initially responsible for developing sales estimates?

• A) The accounting department.
• B) Top management.
• C) The budget committee.
• D) The marketing department.
• E) The sales department.

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Definitions:

Investigative Method

A systematic approach employed in various disciplines to explore and gather facts or information about a particular subject, phenomenon, or aspect of study.

Resources

Assets, material or nonmaterial, that individuals or groups have access to and can use for support, survival, or to achieve goals.

Ethics

A branch of philosophy that deals with questions about morality and the principles that govern right and wrong conduct.

Hypothesis

A tentative explanation or prediction that can be rigorously tested through systematic investigation and experimentation.