Problem 1 -Multiple Cholce serve as the standard against which actual performance is mea is based on this comparison, the organization is said to use: A Fixed performance contracts. B. Rolling financial forecasts C. Continuous-improvement budgets D. Variable compensation contracts 2A Tparticpatver budget s trn) A Good two-way communication device. B. Relatively inexpensive and efficient approach to budget preparation C. Top down" approach. D. "Zero-based" approach 3 Zero-base budgeting (ZBB) differs from traditional budgeting in terms of its requirement to A Justiy budgeted operations and associated spending. B. Consider the time-value of money in the budgeting process. c. Start the budgeting process from the lowest level of the organization, the "zero base.- D. Incorporate continuous-improvement standards in the set of financial and operating budgets. 4. Which of the following is not an expected result of improved quality of operations? A Decreased inventory turnover B. Higher product/service selling prices C. Faster throughput time. D. Lower total manufacturing cost 5. Typically, as prevention and appraisal costs increase, other costs of quality A. Are not affected. 8. Change, but the direction cannot C. Increase proportionately D. Decrease