EC-Council
712-50 · Question #365
Where does bottom-up financial planning primarily gain information for creating budgets?
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Strategic Planning, Finance, Procurement, and Vendor Management
Question
Where does bottom-up financial planning primarily gain information for creating budgets?
Options
- ABy adding all capital and operational costs from the prior budgetary cycle, and determining
- BBy reviewing last year's program-level costs and adding a percentage of expected additional
- CBy adding the cost of all known individual tasks and projects that are planned for the next
- DBy adding all planned operational expenses per quarter then summarizing them in a budget
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Topics
#bottom-up budgeting#financial planning#budget methodology#cost estimation