The type of plan of a company, which quantities the expectations of cash flows, income and financial position is known as ___________? April 20, 2025 by admin A. budget B. batching C. complexity D. process
An act of making sure, that all the employees must understand the goals is classified as ___________? April 20, 2025 by admin A. coordination B. communication C. annual profit plan D. budgeting
The non-financial and financial aspects of the plan by the company management, is classified as ___________? April 20, 2025 by admin A. complexity B. process C. budget D. batching
The mathematical relationships exist between operating and financing activities that affect master budget are called _____________? April 20, 2025 by admin A. math plan model B. financial planning models C. operating plan models D. master plan models
The type of accounting, which focuses on whom should be asked for information and whom not, will be categorized as ____________? April 20, 2025 by admin A. focused accounting B. responsibility accounting C. information accounting D. blame accounting
If the budget sales units are 2000, an ending inventory is 3000 units and the beginning inventory is 1000, then the budget production would be ______________? April 20, 2025 by admin A. 6000 units B. 4000 units C. no units D. 8000 units
The master budget includes all the projections of company’s budget and focuses on __________? April 20, 2025 by admin A. serial correlation B. marketing plan C. financial plan D. both B and C
The what-if technique, which examines changes in results, if original prediction would not be achieved is called _____________? April 20, 2025 by admin A. change analysis B. original analysis C. sensitivity analysis D. predicted analysis
The budget which specifies an operating and financial plan, usually for a fiscal year or any specific period of time is classified as ___________? April 20, 2025 by admin A. annual budget B. operating budget C. specific budget D. master budget
The second step in developing operating budget is to ___________? April 20, 2025 by admin A. plan coordination B. plan accounts C. obtain information D. coverage information
