Actual results should NOT be compared against past performance because:
A) past results may contain mistakes and substandard performance.
B) past performance is an indicator of future performance.
C) future conditions will be similar to past conditions.
D) past results will never happen again.
Correct Answer:
Verified
Q16: Budgeting includes only the financial aspects of
Q17: Operating decisions PRIMARILY deal with:
A)the use of
Q18: Financing decisions PRIMARILY deal with:
A)how to obtain
Q19: At the end of the financial year,managers
Q20: The master budget reflects the impact of
Q22: As employees get closer to a goal,they:
A)relax.
B)tell
Q23: Budgets should not be administered rigidly,as changing
Q24: Which of the following can a budget
Q25: After management has agreed upon and finalised
Q32: Even in the face of changing conditions,attaining
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