The budgeting process does not involve which of the following activities? a. Execution of plans to...
The budgeting process does not involve which of the following activities?
a. Execution of plans to achieve goals.
b. Specific goals are established.
c. Periodic comparison of actual results to goals.
d. Increase in sales by increasing marketing efforts.
Homework Answers
| Option D is the answer | ||
|
Budgeting process is a managerial technique where by the firm plans its future goals and the road map needed in achieving the desired return. Comment if you face any issues |
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The budgeting process does not involve which of
the following activities?
a. Execution of plans to...
Which of the following are reasons to involve managers in the budgeting process? (Select all the...
Which of the following are reasons to involve managers in the budgeting process? (Select all the answers that apply) Managers know their business areas best The budgeting process is quicker when we involve each manager in the process Budget goals will be used to measure each manager's performance Doing so may increase their motivation to achieve the budget Involving them helps managers get invested in achieving the budgeted goals What is normally the foundation of...
1. Which of the following are reasons to involve managers in the budgeting process? (Select all...
1. Which of the following are reasons to involve managers in the budgeting process? (Select all the answers that apply) Managers know their business areas best Budget goals will be used to measure each manager's performance Doing so may increase their motivation to achieve the budget Involving them helps managers get invested in achieving the budgeted goals The budgeting process is quicker when we involve each manager in the process 2. What is normally the foundation of the entire budget...
Which of the following processes involve the development of capital budgeting project performance reports that compare...
Which of the following processes involve the development of capital budgeting project performance reports that compare planned to actual results? A. Post-audit reviews B. Financials statement audits C. Compliance audits D. Annual reviews
41. The budget process involves doing all of the following except &n
41. The budget process involves doing all of the following except A. executing plans to achieve the goals B. firing all managers who fail to achieve operational goals specified in the budget C. periodically comparing actual results with the goals D. establishing specific goals 42. The process of developing budget estimates by requiring all levels of management to estimate sales, production, and other operating data as though operations were being initiated for...
8. Which of the following is not a benefit of budgeting? A. does uncover potential bottlenecks...
8. Which of the following is not a benefit of budgeting? A. does uncover potential bottlenecks before they occur B. does not coordinate the activities of the entire organization by integrating the plans and objectives of the various parts C. provides benchmarks for evaluating subsequent performance D. all of these E. none of these 9. The concept of budgeting means that: A. Budgetary variances should not be reviewed/analyzed by the top level of management B. Budgetary variances should be reviewed/analyzed...
15. Which of the following is a benefit of budgeting? A. reduces the need for tracking...
15. Which of the following is a benefit of budgeting? A. reduces the need for tracking actual cost activity B. sets benchmarks C. does not uncover potential bottlenecks D. discourages planning E. all of these 16. The purpose of the actual results comparison is to: A. evaluate performance reports by managers B. permit managers to reduce the number of unfavorable variances that are reported C. update the static planning budget to reflect the actual level of activity of the period...
All the following are considered to be benefits of participative budgeting, except for: The budget estimates...
All the following are considered to be benefits of participative budgeting, except for: The budget estimates are prepared by those in directly involved in activities. Individuals at all organizational levels are included in the process, creating a better communication devise throughout the company. When managers set their own targets for the budget, top management does not need to review and oversee the targets. Managers are held responsible for reaching their goals and cannot easily shift responsibility by blaming unrealistic goals...
Which of the following is not a result of following a well-designed budgeting process? Multiple Choice...
Which of the following is not a result of following a well-designed budgeting process? Multiple Choice Improved decision-making processes. Improved performance evaluations. Improved coordination of business activities. Assurance of future profits. Improved communication of management's action plans.
14. Which of the following includes a normal sequence in which the indicated budgets are prepared?...
14. Which of the following includes a normal sequence in which the indicated budgets are prepared? A. Direct Materials, Cash, Sales C. Sales, Balance Sheet, Direct Materials E. Production, Direct Materials, Direct Labor B. Production, Direct Materials, Sales D. Production, Mfg. OH, Sales 15. Which of the following is a benefit of budgeting? A. reduces the need for tracking actual cost activity B. sets benchmarks C. does not uncover potential bottlenecks D. discourages planning E. all of these 16. The...
11. Which of the following is not an input into the monitoring activities relating to production?...
11. Which of the following is not an input into the monitoring activities relating to production? a. Actual production rate b. Actual output c. Anticipated production rate d. Anticipation manufacturing capacity 12. A company that wants to be successful needs to a. know what it wants to accomplish. b. know how to increase market share. c. maintain a high gross profit rate. d. involve upper level managers in daily operations 13. In monitoring product differentiation strategy and low-cost production strategy,...
8. Which of the following is not a benefit of budgeting? A. does uncover potential bottlenecks before they occur B. does not coordinate the activities of the entire organization by integrating the plans and objectives of the various parts C. provides benchmarks for evaluating subsequent performance D. all of these E. none of these 9. The concept of budgeting means that: A. Budgetary variances should not be reviewed/analyzed by the top level of management B. Budgetary variances should be reviewed/analyzed...
15. Which of the following is a benefit of budgeting? A. reduces the need for tracking actual cost activity B. sets benchmarks C. does not uncover potential bottlenecks D. discourages planning E. all of these 16. The purpose of the actual results comparison is to: A. evaluate performance reports by managers B. permit managers to reduce the number of unfavorable variances that are reported C. update the static planning budget to reflect the actual level of activity of the period...
14. Which of the following includes a normal sequence in which the indicated budgets are prepared? A. Direct Materials, Cash, Sales C. Sales, Balance Sheet, Direct Materials E. Production, Direct Materials, Direct Labor B. Production, Direct Materials, Sales D. Production, Mfg. OH, Sales 15. Which of the following is a benefit of budgeting? A. reduces the need for tracking actual cost activity B. sets benchmarks C. does not uncover potential bottlenecks D. discourages planning E. all of these 16. The...
11. Which of the following is not an input into the monitoring activities relating to production? a. Actual production rate b. Actual output c. Anticipated production rate d. Anticipation manufacturing capacity 12. A company that wants to be successful needs to a. know what it wants to accomplish. b. know how to increase market share. c. maintain a high gross profit rate. d. involve upper level managers in daily operations 13. In monitoring product differentiation strategy and low-cost production strategy,...
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