Exam2-2

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Western Illinois University *

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MISC

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Mechanical Engineering

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Oct 30, 2023

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docx

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1

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· A key advantage of top down budgeting is that overall budget costs can be estimated quite accurately o True · Mechanical tasks typically have higher learning rates than more mental tasks o True · Learning curves can be used to improve cost estimates o True · A problem with bottom up budgeting is o Individual team members overstate their budget needs · The name given to the budget process that aggregates income and expenditures is o Program oriented budget · Reasons for cost uncertainty in projects include o All of the above · Both overhead and indirect charges should be assigned to a project o True · The project budget acts as a project control o True
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