Question: Your team has been asked to select the site for a new plant. Just 15 minutes before the presentation to management, you find a possible

Your team has been asked to select the site for a new plant. Just 15 minutes before the presentation to management, you find a possible mistake in the numbers, putting the cost 10% over budget. You don’t have time to recheck all the figures, so you’re tempted to go ahead without mentioning it. Since many projects run over their original estimates, you can probably work the extra cost into the budget later. What should you do?

Step by Step Solution

3.33 Rating (144 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Step 1 Budget is the estimation of costs which will be incurred in ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!