Question: Chapter 4 Review Questions 1. What environmental issues may impact the operating revenue budget? 2. When is zero-based budgeting appropriate? 3. What are the disadvantages

Chapter 4 Review Questions 1. What environmental issues may impact the operating revenue budget? 2. When is zero-based budgeting appropriate? 3. What are the disadvantages of top down budgeting? 4. Explain the difference between a cost and expense? 5. How should a manager's response differ when addressing a temporary variance versus a permanent variance

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