{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

10 X08 Budgeting - Budgeting MODULE 8 BUDGETING THEORIES...

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

View Full Document Right Arrow Icon
Budgeting MODULE 8 - BUDGETING THEORIES: Basic Concepts 1. The concept of “management by exception” refers to management’s consideration of A. only those items that vary materially from expectations. B. only rare events. C. samples selected at random. D. only significant unfavorable deviations. 8. A formal written statement of management’s plans for the future, packaged in financial terms, is a: 2. Budgets are related to which of the following management functions? 22.Budgeting supports the planning process by encouraging all of the following activities except: 3. Which of the following advantages does a budget mostly provide? A. Coordination is increased. B. Planning is emphasized. C. Communication is continuous. D. Comparison of actual versus budgeted data. 24.Which of the following is NOT an advantage of budgeting? 4. Which of the following is least likely a reason why a company prepares its budget? 5. Which of the following does not contribute to an effective budgeting? 6. The budgets that are based on a very high levels of performance, like expected costs using ideal standards, A. assist in planning the operations of the company B. stimulate people to perform better than they ordinarily would C. are helpful in evaluating the performance of managers D. can lead to low levels of performance
Background image of page 1

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

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

{[ snackBarMessage ]}