When preparing its sales forecast,an organisation can use the 'bottom-up' approach.One of the features of this approach is that:
A) operating personnel are motivated to prepare realistic budgets and accept them as benchmarks in performance evaluation.
B) multiple levels of managers and salespersons are involved in the forecasting process.
C) it often involves negotiations between departments.
D) all of the above.
Correct Answer:
Verified
Q1: The main way in which budgets provide
Q1: Coordination between budgets refers to a situation
Q2: A master budget is best described as:
A)
Q3: Budgets are generally regarded as having several
Q3: The best description of the role of
Q5: In which order do the following steps
Q6: There is often a limiting factor that
Q8: A budget can help in decision-making by:
A)
Q15: Budgets are said to be useful in
Q16: Which statement about the uses of budgets
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