Question 27 Budget reports provide the feedback needed by management to see whether actual operations are on course True False Question 28 More costs become controllable as one moves down to each lower level of managerial responsibility True False Question 29 The current ratio may also be referred to as the A short run ratio. O B. acid-test ratio C. contemporary ratio. D working capital ratio. Question 30 A flexible budget report will show both actual and budget cost based on the actual activity level achieved O True False Question 31 The rate that a company must pay to obtain funds from creditors and stockholders is known as the hurdle rate B. cost of capital C.cutoff rate D. all of these