NAME: ________________________

Question Types


Start With


Question Limit

of 25 available terms

Advertisement Upgrade to remove ads

5 Written Questions

5 Matching Questions

  1. Merchandise purchases budget
  2. Time-driven activity-based
    budgeting (TDABB)
  3. Zero-base budgeting (ZBB)
  4. Activity-based budgeting (ABB)
  5. Kaizen budgeting
  1. a A budgeting approach that incorporates continuous improvement expectations in the budget.
  2. b Represents budgets prepared in conjunction with a TDABC system.
  3. c Shows the amount of merchandise it needs to purchase during the period.
  4. d A budgeting process that requires managers to prepare budgets from a zero base.
  5. e A budgeting process based on activities and cost drivers of operations.

5 Multiple Choice Questions

  1. Identifies required actions over a 5 to 10 year period to attain the firm's strategic goal(s).
  2. A detailed plan for the acquisition and use of financial and other resources over specified period of time - typically a fiscal year.
  3. Shows expected sales in units at their expected selling prices.
  4. A result on non-value-adding actions taken by managers to improve indicated performance.
  5. Shows the amount and budgeted cost of direct material required for production

5 True/False Questions

  1. Goal congruenceShows expected sales in units at their expected selling prices.

          

  2. Rolling financial forecastIdentify sources and uses of funds for budgeted operations and capital expenditures

          

  3. Operating budgetsIdentify sources and uses of funds for budgeted operations and capital expenditures

          

  4. Practical capacityA process for evaluating, selecting, and financing long-term projects

          

  5. Master budgetAn organization's operating and financing plan for the upcoming period; it translates short-term objectives into action steps

          

Create Set