Question 1Which of the following is NOT true regarding bottom-up budgeting?A. Th

Question 1Which of the following is NOT true regarding bottom-up budgeting?A. The method tends to be inaccurate in the detailed tasks.B. The WBS is used to identify the elemental tasks.C. It is rarely used.D. It is a good managerial training technique.Question 2 A task is expected to take 20 hours of labor at $25 per hour. The required material cost is $500 and the organization charges 30% of direct labor for overhead. The total task cost is:A. $500B. $1150C. $1250D. $1500Question 3There is a 30 percent chance that a new product development project will result in sales of $500000 and a 70 percent chance that the project will result in sales of $100000. What is the expected value of this project?A. $220000B. $240000C. $300000D. $320000Question 4 Which of the following is most closely associated with FMEA?A. Risk priority numberB. Game theoryC. Expected valueD. Simulation