Question types

Start with

Question limit

of 25 available terms

Advertisement Upgrade to remove ads
Print test

5 Written questions

5 Matching questions

  1. Sales budget
  2. Direct materials usage budget
  3. Strategic budget expenditures
  4. Relative performance contracts
  5. Time-driven activity-based
    budgeting (TDABB)
  1. a Shows expected sales in units at their expected selling prices.
  2. b Shows the amount and budgeted cost of direct material required for production
  3. c Reward managers for performance based on comparison of actual results with specified benchmarks not budgeted targets.
  4. d Represents budgets prepared in conjunction with a TDABC system.
  5. e Planned spending on projects and initiatives that lead to long-term value and competetive advantage.

5 Multiple choice questions

  1. Shows the physical amount and cost of planned purchases of direct materials.
  2. An incentive compensation plan whereby compensation is a function of actual performance compared to a fixed (budgeted) target.
  3. Shows planned production for given period.
  4. The "cushion" managers intentionally build into budgets to help ensure success in meeting the budget.
  5. Plans for all phases of operations and include production, purchasing, personnel, and marketing budgets.

5 True/False questions

  1. Zero-base budgeting (ZBB)A budgeting process based on activities and cost drivers of operations.


  2. Kaizen budgetingA budgeting approach that incorporates continuous improvement expectations in the budget.


  3. Master budgetDepicts effects on cash of all budgeted activities.


  4. Cash budgetDepicts effects on cash of all budgeted activities.


  5. BudgetThe process of projecting continuing operations and projects and then reflecting their financial impact.


Create Set