Which of the following is not a characteristic of bottom-up budgeting? Select one: It increases employees' commitment to achieving budget goals. It encourages organization-wide input into the process. It takes advantage of employees' intimate knowledge of operations when formulating plans. 0 It is not as time consuming as top-down budgeting. Which one of the following is a source of information used to prepare the budgeted income statement? Select one: O capital expenditures budget budgeted balance sheet O cash budget O selling and administrative expense budget