Which one of the following is true of participative budgeting?
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Which one of the following is true of participative budgeting? Development is less time-consuming It is...
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 statements concerning the minimum level approach to budgeting is true? A. The minimum level approach to budgeting budgets costs for a coming period as a dollar or percentage change from the amount budgeted or spent in some previous period. B. The minimum level approach to budgeting establishes a base amount for all budget items and requires explanation or justification for any budgeted amount above that level. C. The minimum level approach to budgeting budgets physical inputs...
Indicate whether the following statements are true or false: 1. A budget is a formal written statement in financial terms of management's plans for a specified future time period. A budget is prepared only once a year. 2. 3. A budget requires all levels of management to plan ahead and to formalize goals on a recurring basis. 4. The budget is an important basis for evaluating performance. 5. The "top-down" approach to budgeting is called participative budgeting. 6. Budgeting and...
QUESTION 16 Which of the following can be a problem with participative budgeting? Budget-based incentives lead to incorrect information about projected costs and sales (budgetary slack) being communicated to higher level management. All the other answers. Production budgets are established based on unrealistically low sales forecasts, leading to production being short of materials and labor. Conflicts of interest when lower level managers are evaluated by comparing actual results to the budget. 2 points QUESTION 17 Which component of the...
Listed next are several terms. Complete the following statements with one of these terms. You may use a term more than once, and some terms may not be used at all. Master budget Participative budgeting Operating budgets Production budget Zero-based budgeting Strategic planning Financial budgets Slack Budget committees Rolling budget Safety stock Variance a. ▼ Budget committee Financial budgets Master budget Operating budgets Participative budgeting Production budget Rolling budget Safety stock Slack Strategic planning Variance Zero-based budgeting is a budget...
(TCO 8) Which of these is more characteristic of a manager? Develop new processes Originate State a position Focus on people (TCO 7) Which of these behaviors is best for managing an intercultural project team? Learn alternative means of exchanging information. Classify members of the project team in accordance with popular stereotypes. Foster an atmosphere of inclusivity by ignoring cultural differences. Enter the situation with no knowledge of the local culture and customs to avoid any appearance of bias. (TCO...
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Which of the following are true statements about proactive performance management with respect to information systems that involve databases? You may choose more than one anwer A goal of it is to minimize reactive performance management. O Sometimes it involves automation. O It is not a particularly time-consuming process, generally speaking O The basic idea behind it is to foresee all possible problems during development and plan around them .
Which of the following is a difference between dialogic organizational development (OD) and diagnostic organizational development (OD)? Select one: 1. Dialogic OD uses the processes of unfreeze, change, and freeze to manage change, whereas diagnostic OD uses no systematic steps to manage change. 2. The practitioners of dialogic OD carry out diagnosis of the organizational situation before intervening, whereas the practitioners of diagnostic OD work with people in a way that creates new knowledge and awareness. 3. A consultant is...
The budget committee consists of a. senior managers, including the CEO and CFO. b. representatives from the stockholders and suppliers. c. a company's stockholders. d. all employees interested in providing input to the budgeting process. 1 points Question 2 Which of the following is not typically a part of the master budget? a. Direct material purchases budget b. Performance report budget c. Projected cash receipts and disbursements d. Budgeted balance sheet 1 points Question 3 Managers may be tempted to...
10) Which of the following costs are most likely to be classified as a variable cost? A) Insurance B) Straight-line depreciation C) Direct materials D) Factory rent The term describing a firm's normal range of operating activities is called the A) Relevant range of operations B) Break-even level of operations C) Margin of safety of operations D) None of the above 11) 12) A budget can be an effective means of communicating management's plans to the employees of 1buALSS a...