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BusinessTutor, Bachelor's Degree
Category: Business and Finance Homework
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Experience:  Working towards my MBA degree in Finance (Completed the Foundation Classes with a GPA 4.0)
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Multiple Choice, Question 38 A budget is an aid

Resolved Question:

Multiple Choice, Question 38


A budget


is an aid to management.


can operate or enforce itself.


is the responsibility of the accounting department.


is a substitute for management.

Multiple Choice, Question 39


Accounting generally has the responsibility for


administration of the budget.


expressing the budget in financial terms.


enforcing the budget.


setting company goals.

Multiple Choice, Question 40


Which one of the following is not a benefit of budgeting?


It provides assurance that the company will achieve its objectives.


It requires all levels of management to plan ahead on a recurring basis.


It facilitates the coordination of activities.


It provides definite objectives for evaluating performance.

Multiple Choice, Question 41


Budgeting is usually most closely associated with which management function?


Planning


Motivating


Directing


Controlling

Multiple Choice, Question 43


Which is true of budgets?


They are used in performance evaluation.


They are voted on and approved by stockholders.


They are used in the planning, but not in the control, process.


There is a standard form and structure for budgets.

Multiple Choice, Question 46


If budgets are to be effective, there must be


independent verification of budget goals.


a history of successful operations.


an organizational structure with clearly defined lines of authority and responsibility.


excess plant capacity.
Submitted: 6 years ago.
Category: Business and Finance Homework
Expert:  BusinessTutor replied 6 years ago.

Multiple Choice, Question 38


A budget


is an aid to management.


can operate or enforce itself.


is the responsibility of the accounting department.


is a substitute for management.

Multiple Choice, Question 39


Accounting generally has the responsibility for


administration of the budget.


expressing the budget in financial terms.


enforcing the budget.


setting company goals.

Multiple Choice, Question 40


Which one of the following is not a benefit of budgeting?


It provides assurance that the company will achieve its objectives.


It requires all levels of management to plan ahead on a recurring basis.


It facilitates the coordination of activities.


It provides definite objectives for evaluating performance.

Multiple Choice, Question 41


Budgeting is usually most closely associated with which management function?


Planning


Motivating


Directing


Controlling

Multiple Choice, Question 43


Which is true of budgets?


They are used in performance evaluation.


They are voted on and approved by stockholders.


They are used in the planning, but not in the control, process.


There is a standard form and structure for budgets.

Multiple Choice, Question 46


If budgets are to be effective, there must be


independent verification of budget goals.


a history of successful operations.


an organizational structure with clearly defined lines of authority and responsibility.


excess plant capacity.

 

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