A budget should/can do all of the following EXCEPT that it:
A) should be prepared by managers from different functional areas working independently of each other.
B) should be adjusted if new opportunities become available during the year.
C) can help management allocate limited resources.
D) can become the performance standard against which firms can compare the actual results.
Correct Answer:
Verified
Q1: What is budgeting? What is its role?
Q2: A budget is a qualitative expression of
Q4: Are negative variances always unfavorable and positive
Q6: The production plan should be based on
Q7: If initial budgets prove unacceptable,planners achieve the
Q9: Budgeting does NOT require:
A)knowledge of the organization's
Q10: When discussing the roles of budgets,a planning
Q11: Budgeting provides all of the following EXCEPT:
A)a
Q11: The first step in developing a budget
Q20: Operating budgets and financial budgets:
A)combined form the
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