Budgeting Paper 4

1

Which one of the following items would most likely cause the planning and budgeting system to fail? The lack of






2

All of the following are disadvantages of top-down budgeting as opposed to participatory budgeting, except that it






3

Sub optimal decision making is not likely to occur when






4

The budgeting process should be one that motivates managers and employees to work toward organizational goals. Which one of the following is least likely to motivate managers?






5

The best explanation of how the efficient allocation of organizational resources is planned during the budgeting process is that a budget






6

A companyís annual budget provides information that can impact the companyís






7

Which one of the following is an advantage of using the budgeting process to judge performance?






8

Which one of the following is not a characteristic of a successful budget process?






9

Which one of the following statements best describes budgetary slack?






10

The finance department of a large company has prepared a master budget with very limited expense budgets for each department. The department managers are worried about being held accountable for these assigned targets, but senior management wants to keep spending reduced to allow for contingencies and strategic adjustments to the company-wide master budget. Based on this information, this budget process is






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