Focusing on improving the activities that are showing significant differences between budgeted and actual results is: A.quantifying plans B.management by exception C.cash management D.creating benchmarks
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Focusing on improving the activities that are showing significant differences between budgeted and actual results is:
A.quantifying plans
B.management by exception
C.cash management
D.creating benchmarks
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- Which of the following is not a part of budgeting? A. planning B. finding bottlenecks C. providing performance evaluations D. preventing net operating lossesIf management is being evaluated on their ability to manage a budget, what can they do to increase cash flow?Which budget evaluates the results of operations at the actual level of activity? capĂtal budget cash budget flexible budget static budget
- Budgets are an effective device to communicate a. objectives b. constraints c. expectation to personnel d. all of the choicesWhich of the following is not a part of budgeting?A. planningB. finding bottlenecksC. providing performance evaluationsD. preventing net operating losses1. The organizational process of budgeting performs several important functions. Which is true? A. Assigns decision rights B. Shares knowiedge C. Measures performance D. All of the choices are correct
- The best measure for evaluating the effectiveness of a manger in an investment center would be A. residual income measures B. current ratio measures C. success in meeting budgeted revenues D. success in controlling costsWhich budget type is defined as a budget process that emphasizes the achievement of goals and competition? Target-based budgeting Program budgeting Incremental budgeting Performance budgetingBriefly discuss the budgeting process and explane how the budgeting process satisfies the purpose of planning, controlling and evaluating performance?
- Which of the following describe the control aspect of the budgeting process? Please select all that apply. Rewarding the achievement of challenging targets. Checking progress towards achieving targets and objectives. Regular comparison of budgeted and actual outcomes. Investigating the causes of variations between budgeted and actual outcomesa.Identify the budget preparation approach usedWhich of the following is a use of budgets for control? *A. plans can be made for the futureB. communication is improvedC. if conditions change between the formation of the budget and the current time, budgets can be quickly adaptedD. budgets set a standard against which results can be compared