1. Define Budget Efficiency Effectiveness 2. Explain what the consequences are of being efficient, but not effective. 3. Explain the consequences of being effective, but not efficient. 4. How does a budget help a manager in the control process? 5. What is a responsibility center in the budgeting process? 6. What might be the negative consequence of assigning two or more managers to one responsibility center? 7. What are the three primary causes for differences between budgeted and actual costs? 8. A responsibility center like an OB/GYN unit may use housekeeping or maintenance services as needed or a regular basis. However, accountants may assign a portion of the costs of attorneys, human resources, finance, or other support services who represent the total organization to that responsibility center on a basis other than specific requested use. What is the case for and for not allocating all indirect costs to the responsibility center when doing budget variance reports? 9. What is zero based review or zero based budgeting? What is it intended to achieve? What is its focus? Why is it difficult to implement? 10. If cost benefit analysis is applied to zero based budgeting, what two (2) issues