It is NOT important for NFP organizations to prepare cash budgets.     True / False   

Product budgets and program budgets that present data differently and in some detail help to complement the operating budgets.          True / False   

A capital budget reveals how much is required to invest in assets such as buildings, modernization and research and development.        True / False   

To calculate the break-even point for a retail store, the unit contribution margin is more useful than the PV ratio.       True / False   

The break-even point can be calculated in two ways: dividing fixed costs by either the unit contribution margin or the PV ratio.        True / False   

Controllable costs are usually indirect costs that managers are NOT accountable for.        True / False     

Operating managers are accountable for both, controllable and direct costs.                  True / False