1)

Decision made during long-range planning include_____.

A) addition or deletion of product line

B) location of new plant

C) purchase of equipment

D) all of the above

2)

On a cash budget, if available cash balance plus net cash receipts and disbursements is negative, ______.

A) repayment of loan is suggested

B) repayment of loan is required

C) borrowing is necessary

D) borrowing is not necessary

3)

A(n) _____ starts with the assumption that current activities in a company will not automatically continue in the next period.

A) activity-based budget

B) strategic budget

C) master budget

D) zero- base budget

4)

The most forward-looking and least detailed budget is the strategic plan.

A) TRUE

B) FALSE