The __________ form of budgeting has the advantage of using individuals closer to the work to provide estimates of resource requirements.
A)top-down budgeting
B)work element costing
C)bottom-up budgeting
D)iterative budgeting

Question

Quizplus · Accepted Answer

Bottom-up budgeting involves analyzing each element of a project or operation and estimating the resources needed for each individual task. This method involves input from employees who are closer to the work and have a better understanding of the requirements, leading to more accurate estimates and better tracking of resources. Therefore, option C is the correct answer.

The __________ Form of Budgeting Has the Advantage of Using