Which of the following best describes a method of budgeting in which the cost of each program must be justified every year?
Multiple Choice
Operational budgeting.
Zero-based budgeting.
Continuous budgeting.
Responsibility accounting.
Option B is the answer Zero based budgeting |
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Zero based budgeting is the budgeting technique in which all the expenses are justified for each new period. Comment if you face any issues |
Which of the following best describes a method of budgeting in which the cost of each...
MC Qu. 4-37 Which of the following best describes when... Which of the following best describes when an accrual adjustment is required? Multiple Choice An expense has been incurred and paid in cash. An expense has been incurred but not yet paid in cash. An expense has not been incurred, but cash has been paid. О O An expense has not been incurred nor has it been paid in cash. < Pray 4 of 10 !!! Neng >
Which of the following best describes the function of managerial accounting within an organization? Multiple Choice It has its primary emphasis on the future. It places more emphasis on precision of data than financial accounting does. It focuses on the organization as a whole, rather than on the organization's segments. It is required by regulatory bodies such as the Ontario Securities Commission.
Which of the following best describes the function of managerial accounting within an organization? Multiple Choice It is required by regulatory bodies such as the Ontario Securities Commission It has its primary emphasis on the future, It focuses on the organization as a whole, rather than on the organization's segments. It places more emphasis on precision of data than financial accounting does.
Which of the following best describes the independent auditors' approach to obtaining satisfaction concerning depreciation expense in the income statement? Multiple Choice () Reconcile the amount of depreciation expense to those amounts credited to accumulated depreciation accounts 0 Establish the basis for depreciable assets and verify the depreciation expense Determine the method for computing depreciation expense and ascertain that is in accordance with generally accepted accounting principles C ) Verify the mathematical accuracy of the amounts charged to income as...
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Which of the following terms best describes the audit of a taxpayer's tax return by an IRS auditor? A Operational audit. B Compliance audit. C Government audit. D Internal audit.
MC Qu. 79 Which of the following best describes costs...Which of the following best describes costs assigned to the product under the variable costing method?Direct labor (DL)Direct materials (DM)Variable selling and administrative (VSA)Variable manufacturing overhead (VOH)Fixed selling and administrative (FSA)Fixed manufacturing overhead (FOH)
accounting multiple choice Which of the following best describes the advantages of using a predetermined overhead rate? Select one or more: a. Both (a) and (C) above. b. Overhead costs are applied evenly throughout the year rather than fluctuating from month to month. c. Predetermined rates require managers to wait until long after the accounting period to get an estimate of product costs. d. Total unit costs of production are known sooner than using actual overhead rates, and overhead costs...
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Which of the following best describes Power Pivot? Multiple Choice a. It is an Excel add-in. b. It is a database manager. c. It allows integrating both Excel tables and tables from external sources. d. It supports the creation of sophisticated pivot tables. All of the choices describe Power Pivot.