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

question 172

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

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Definitions:

Regular Price

The standard or usual cost of an item or service without any discounts, promotions, or special offers applied.

Operating Expenses

Definition: Costs associated with the day-to-day operations of a business, excluding cost of goods sold.

Sears

A former major American chain of department stores known for selling a wide range of products, from clothing to appliances.

Breakeven Price

The amount of money for which selling a product or service neither results in a profit nor a loss.