ACC 561 Tutorial Week 6 Quiz

Are components of a master budget a a strategic plan

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22) _____ are components of a master budget.  A.  A strategic plan and an operating budget B.   An operating budget and a capital budget C.  A continuous budget and a static budget D.  A cash budget and an activity budget 23) An important factor considered by sales forecasters is _____.  24) _____ models are mathematical models of the master budget that can react to any set of assumptions  about sales, costs, and product mix.  25) Which of the following is an objective of budgeting?  26) An organization's budget program should be used  A.  to have power over employees B.  to assign blame to managers that do not meet budgetary goals C.   to help managers plan and control the organization’s performance

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D.  to help the chief fiscal officer to allocate resources to the favored projects of the executives 27) The activity-based costing may reveal _________, whereas traditional costing cannot.  28) _____ is a method of approximating cost functions.  29) In relation to a cost function, the term  reliability  refers to _____.  30) One of the simplest methods to measure a linear cost function from past data is the _____.  A.  regression analysis method B.   high–low method C.  least squares regression method D.  visual-fit method
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• Spring '11
• Abner
• Net Income, multiple­step income statement

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