ACC 561 Quiz 3 - Quiz 3 (Chapters 7-8) 1. _ budgeting is...

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Quiz 3 (Chapters 7-8) 1. _____ budgeting is when budgets are formulated with the active participation of all affected employees a. Financial b. Team c. Participative d. Shared 2. Budgets are generally more effective if they are _____. a. created with the active participation of all affected employees b. understood and accepted by affected managers c. supported by top management d. all of these answers are correct 3. Budgets generate negative feelings if they are _____. a. used to point out managers’ failings b. used primarily to limit spending c. congruent with rewards d. used to point out managers’ failings and used primarily to limit spending 4. A major benefit of effective budgeting is that _____. a. it compels managers to think ahead b. it aids managers in communicating objectives to units c. it provides benchmarks to evaluate subsequent performance d. all of these answers are correct 5. The financial budget includes _____. a.
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This note was uploaded on 10/05/2010 for the course ACC ACC561 taught by Professor David during the Spring '10 term at University of Phoenix.

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ACC 561 Quiz 3 - Quiz 3 (Chapters 7-8) 1. _ budgeting is...

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