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Cornerstones of Managerial Accounting Study Set 1
Quiz 11: Flexible Budgets and Overhead Analysis
Which Budget Should Be Used to Determine Managerial Effectiveness
Question 2
Multiple Choice
Which budget should be used to determine managerial effectiveness? A) operational budget B) capital budget C) static budget D) flexible budget
C
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Q 3
Which budget is used to assess managerial efficiency? A) operational budget B) capital budget C) static budget D) flexible budget
Q 4
Which budget is prepared for a particular level of activity? A) an operational budget B) a capital budget C) a static budget D) a flexible budget
Q 5
What is the best use of a static budget? A) to measure whether a manager accomplishes his or her goals B) to compare expected costs at the actual level of activity with the actual costs C) to assess how well costs were controlled during the year D) to determine managerial efficiency
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