FinMan10e_ATest_ch21

FinMan10e_ATest_ch21 - 10th Edition FINANCIAL &...

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10th Edition Warren/Reeve/Duchac Chapter Test 21A Score % Name Course Section NOTE: Each of the 25 correct answers is assigned a weight of 4%. FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—60% A
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TEST 17A (Concluded) INSTRUCTIONS: Complete each of the following statements by writing the appropriate words in the Answers column. For Scoring STATEMENTS Answers 0. The document that charts a course of future action for a business by outlining the plans of the business in financial terms is the . ................. budget 0. ____ 1–3. The objectives of budgeting include: 1. ................................................................................................................. 1. ____ 2. ................................................................................................................. 2. ____ 3. ................................................................................................................. 3. ____
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4. Giving information to employees about their performance relative to the goals they helped establish is called . .............................................. 4. ____ 5. An organization’s budgetary unit led by a manager who has both authority over and responsibility for the unit’s performance is a(n) . ...... 5. ____ 6. Defrag Cleaning Co. establishes its budget at several levels of activity. This type of budget is called a(n) _________ budget. .
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This note was uploaded on 07/17/2011 for the course ACCT 102 taught by Professor Martinez during the Summer '11 term at Rio Hondo College.

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FinMan10e_ATest_ch21 - 10th Edition FINANCIAL &...

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