Unit 6 - Practice for Review

Unit 6 - Practice for Review - Grade for Kimberly Cuvreau:...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Numeric grade: 12/20 Autograde Summary Date Taken: 7/20/2010 11:20:06 PM Time Spent: 0:01:32 Points Received: 12 / 20 (60%) These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Question Type: # Questions: # Correct: True/False 20 12 1. Question: A formal written statement of management's plans for the future, expressed in financial terms, is called a budget. Your Answer: True CORRECT False 2. Question: Budgets are normally used only by profit-making businesses. Your Answer: 3. Question: The objectives of budgeting are (1) establishing specific goals for future operations, (2) executing plans to achieve the goals, and (3) periodically comparing actual results with these goals. Your Answer: 4. Question: When budget goals are set too tight, the budget becomes less effective as a tool for planning and controlling operations. Your Answer:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/05/2010 for the course ACCOUNTING n/a taught by Professor N/a during the Summer '09 term at Kaplan University.

Page1 / 4

Unit 6 - Practice for Review - Grade for Kimberly Cuvreau:...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online