$25$ Ideal standards

Select one:

a$.$ reflect optimal performance under perfect operating conditions.

b$.$ are the standards generally used in a master budget.

c$.$ are rigorous but attainable.

d$.$ will always motivate employees to achieve the maximum output.

Clear my choice

$26$

Which one of the following best describes a budget?

Select one:

of

a$.$ It is a written statement of managements' plans for a specified future time period.

b$.$ It can focus as a substitute for management.

c$.$ It is required for all business operations.

d$.$ It is used only by manufacturing companies.