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
Answer: D
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All of the following statements are true about nonsampling errors, EXCEPT:
a. such errors are controllable. b. such errors are caused by faulty design or poor execution of a study. c. such errors cannot be directly measured. d. such errors can be minimized by increasing the sample size. e. such errors reduce the quality of data collected.
Ending a sentence with a preposition is an error
a. true b. false