Budgeting Paper 2

1

Ineffective budget control systems are characterized by






2

Which of the following statements regarding budgets is false?






3

A planning calendar in budgeting is the






4

A budget manual, which enhances the operation of a budget system, is most likely to include






5

Which one of the following is not an advantage of a participatory budgeting process?






6

In developing the budget for the next year, which one of the following approaches would produce the greatest amount of positive motivation and goal congruence?






7

Which one of the following statements concerning approaches for the budget development process iscorrect?






8

Rock Industries has four divisions. In the quest to develop a more achievable budget for the coming year, the chief executive officer has elected to develop the company’s budget by using a decentralized bottom-up budget approach. Chip Jarrett is production manager in one of the divisions. Jarrett’s involvement in the budget process this year will probably






9

When developing a budget, an external factor to consider in the planning process is






10

An advantage of participative budgeting is that it





Result

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