Question: please answer all the questions correctly and give explanations. Will get a thumbs up if correct. QUESTION 1 A flexible budget is a series of

please answer all the questions correctly and give explanations. Will get a thumbs up if correct.
please answer all the questions correctly and give explanations. Will get a
thumbs up if correct. QUESTION 1 A flexible budget is a series
of static budgets at different levels of activities. O True O False
QUESTION 2 Only for-profit organizations create and use budgets O True O
False QUESTION 3 The order of a typical planning system Mission, Operating

QUESTION 1 A flexible budget is a series of static budgets at different levels of activities. O True O False QUESTION 2 Only for-profit organizations create and use budgets O True O False QUESTION 3 The order of a typical planning system Mission, Operating Budget, and Stategy O Strategy, Mission, Operating Budget O Mission, Strategy, Operating Budget QUESTION 4 Cost centers, profit centers, and investment centers can all be classified as financial centers o responsibility centers O budget centers O none of these QUESTION 5 The longer the budget period, the more reliable the estimates of future outcomes. O True O False QUESTION 6 An example of a cost center is.. O Retail Department O Accounting Department O Online Sales Department O Service Sales Department QUESTION 7 Some performance measurement and reward systems work perfectly O True O False QUESTION 8 The budget is developed within the framework of a sales forecast. O True O False QUESTION 9 Certain budget reports are prepared monthly, whereas others are prepared more frequently O True False

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