Question: Please answer it ASAP, thanks 5:56 PM as > 4 1.1KBIs .71. @ [THi] Which of the following 1 point objectives is not a primary

Please answer it ASAP, thanks

Please answer it ASAP, thanks 5:56 PM as > 4 1.1KBIs .71."@ [THi] Which of the following 1 point objectives is not a

5:56 PM as > 4 1.1KBIs .71." @ [THi] Which of the following 1 point objectives is not a primary purpose of preparing a budget? * O A. To provide a basis for comparison of actual performance B. To communicate the company's plans throughout the entire business organization expenditure in a given period. D. To make sure the company expands its operations. 0 C. To control income and O O [TH2] These statements are 1 point proper to the budgeting process except: * D. Actual results need not be 0 compared with plan, since the process ends after budget is approved. B. It is a tool to orchestrate the 0 various functions of operations in a business. A. It is a part of management's O responsibility to plan the use of its resources. C. The involvement of the various levels of individuals in the company 0 is necessary to gain its acceptance and attain its goals. [TH3] Justein~time 1 point manufacturers are more likely than conventional manufacturers to * B. Budget materials purchases 0 equal to the current month's needs for production. C. Budget unit production for the 0 month at greaterthan budgeted unit sales for the month. 0 D. Experience cash shortages. O A. Prepare production budgets without a sales forecast. [TH4] A budget that includes a 1 point 12month planning period at all times is called a budget. * O D. continuous O A. pro forma [TH5] Budgeting expenditures 1 point by purpose is called * O D. Flexible budgeting. O C. Line budgeting. O B. Zero-based budgeting. O A. Program budgeting. 5:56 PM e > 4 1.1KBIs ail 9:, [TH6] For a company that does 'l point not have resource limitations in what sequence would the budgets be prepared? (1) cash budget (2) sales budget (3) inventory budgets (4) production budgets (5) purchase budgets ' O D sequence 4. 3, 2,1 and 5 O B. sequence 2, 3, 4,1 and 5 O 0. sequence 2, 4, 3, 5 and 'l O A. sequence 2, 3, 4. 5 and 'l [TH7] Which of the following 'l poini statements about managerial accountants is false? " C An increasing number of organizations are segregating O managerial accountants in separate managerialraccounting departments. 0 B. Managerial accountants often are part of crossrfunctional teams A. Managerial accountants more 0 and more are considered "business partners." D. In a number of companies, managerial accountants make 0 significant business decisions and resolve operating problems. E. The role of managerial O accountants has changed considerably over the past decade. [TH8] The dayetOeday work of i point management teams will typically comprise all of the following activities except: * O A. decision making 0 B. planning. E. controlling. C cost minimizmg. 000 D. directing operational activities. [TH9] Which of the following 'l point statements represents a similarity between financial and managerial accounting? * O D. Both rely heavily on published financial statements. B. Both are governed by GAAP. A. Both are useful in providing information for external users. E. Both are solely concerned with historical transactions. C Both draw upon data from an organization's accounting system. 0000 [TH'IO] Which of the following 'l point typically does not relate to the role of a controller? * O B. A controller safeguards an organization's assets. 0 E. Choices "B" and "D" above. D. A controller normally assumes a narrow role within the organization. 0 often preventing the individual's rise to top management ranks. O A. A controller supervises the accounting department. 0. A controller oversees the 0 preparation of reports required by governmental authorities

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!