Exam 712-50 topic 1 question 359 discussion

Actual exam question from ECCouncil's 712-50

Question #: 359
Topic #: 1

[All 712-50 Questions]

Where does bottom-up financial planning primarily gain information for creating budgets?

A. By adding all capital and operational costs from the prior budgetary cycle, and determining potential financial shortages
B. By reviewing last year's program-level costs and adding a percentage of expected additional portfolio costs
C. By adding the cost of all known individual tasks and projects that are planned for the next budgetary cycle
D. By adding all planned operational expenses per quarter then summarizing them in a budget request

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Suggested Answer: D 🗳️

by e_karma at Feb. 18, 2021, 4:19 p.m.

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johndoe69

6 months ago

Selected Answer: C

Bottom-up financial planning involves gathering detailed information from individual tasks, projects, or departments to create a comprehensive budget. This method starts at the lowest level of the organizational hierarchy and aggregates the costs upwards to form the overall budget. It ensures that all specific, known expenses are accounted for, providing a detailed and accurate budget projection.

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