In a bottom-up approach, managers should have a high level of controllability and a high level of involvement in budget setting.
<h3>What is a bottom-up budget approach?</h3>
- Bottom-up budgeting is a method of creating budgets that begins at the departmental level and works its way up.
- Each department within the organization must create a list of the supplies it requires, the projects it intends to complete throughout the upcoming fiscal year, and cost projections.
<h3>What is top-down and bottom-up budgeting?</h3>
- Departments must create budgets in top-down planning while adhering to the limitations imposed by senior leadership.
- Departments produce their own budget estimates and submit them to top leadership in a bottom-up budget.
- The two strategies are the two types of budgeting that are most frequently used.
<h3>What is bottom-up approach in accounting?</h3>
- Bottom-up forecasting is a technique for predicting an organization's future performance by beginning with basic company information and moving "up" to revenue.
- This strategy begins with thorough customer or product data before expanding to revenue.
Learn more about bottom-up approach here:
brainly.com/question/19672423
#SPJ4
Treasurer-person makes original journal entries in the general ledger and reporting system about events such as dividend payments and payments to creditors
<h3>What does us Treasurer do?</h3>
The Treasurer of the United States has direct oversight over the U.S. Mint, the Bureau of Engraving and Printing and Fort Knox and is a key liaison with the Federal Reserve. In addition, the Treasurer serves as a senior advisor to the Secretary in the areas of neighborhood development and public engagement.
<h3>Why is it referred to as a Treasurer?</h3>
Originally the phrase referred to the individual in charge of the treasure of a noble; however, it has now moved into wider use. In England at some stage in the seventeenth century, a function of Lord High Treasurer was used on a number of events as the 0.33 remarkable officer of the Crown.
<h3>What is the electricity of treasurer?</h3>
He is the individual accountable for controlling monetary complications, making reports, recording finances, and managing the have confidence financial institution accounts.
Learn more about Treasurer here:
<h3>
brainly.com/question/1320342</h3><h3>#SPJ4</h3>
True, Shareholders exercise ownership control through the power of their votes.
<h3>What is Shareholder Ownership ?</h3>
Common shareholders are part of the owners of a corporation, they have bought some shares or stocks of the corporation either through public offerings or the the Stock markets.
As part of the owners of a corporation, common stock holders have certain rights except otherwise stated in the agreement.
- The right to vote during the general meeting to decide how the leadership of the corporation will be.
- The right to share in the profits of the corporation.
- Common shareholders are notified before issuance of new stock.
- They have some degree of control over the management selection process etc.
A corporation is owned by it's shareholders as a group. Each shareholder holds a proportion of the share capital of a corporate and has voting rights in proportion of his shareholdings.
Therefore , we can conclude that the statement is TRUE.
Learn more about Shareholder Ownership on:
brainly.com/question/1422887
#SPJ4
Answer:
Both countries can benefit from trade through specialization.
Explanation:
Specialization refers to the situation when an individual, organization or country focuses on available resources and instead of producing a lot of products, they produce what they may need.
A country achieves specialization by producing a greater quantity of the goods it can produce at lower opportunity cost.
Through specialization, both countries involved in trade can produce well in a larger quantities than they need to consume. They trade the excess goods and are able to consume at a point beyond their production possibility curve.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
