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

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Definitions:

North American Free Trade Agreement

An agreement among the United States, Canada, and Mexico designed to remove tariff barriers between the three countries.

NAFTA Member Nations

The countries that are part of the North American Free Trade Agreement, aimed at reducing trading costs, increasing business investment, and helping North America be more competitive in the global marketplace.

Trade Restrictions

Measures applied by governments to control the exchange of goods and services across its borders, including tariffs, quotas, and embargoes.