Which of the following is NOT true regarding top-down budgeting?
a) It is based on the collective judgments of top and middle managers.
b) Overall project costs are estimated by top and middle managers and then passed on
c) to the next lower level.
d) The overall budget cost is generally not very accurate.
e) Overlooking small but important tasks can lead to a serious budgetary problem.
f) All of the above are true concerning top-down budgeting.