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5 Written Questions

5 Matching Questions

  1. Merchandise purchases budget
  2. Strategic budget expenditures
  3. Gaming the performance measure
  4. Financial budgets
  5. Zero-base budgeting (ZBB)
  1. a A result on non-value-adding actions taken by managers to improve indicated performance.
  2. b Shows the amount of merchandise it needs to purchase during the period.
  3. c Identify sources and uses of funds for budgeted operations and capital expenditures
  4. d A budgeting process that requires managers to prepare budgets from a zero base.
  5. e Planned spending on projects and initiatives that lead to long-term value and competetive advantage.

5 Multiple Choice Questions

  1. Depicts effects on cash of all budgeted activities.
  2. Represents budgets prepared in conjunction with a TDABC system.
  3. Provides a constant planning horizon with the use of regularly updated forecasts.
  4. Shows the physical amount and cost of planned purchases of direct materials.
  5. An organization's operating and financing plan for the upcoming period; it translates short-term objectives into action steps

5 True/False Questions

  1. Sales budgetShows expected sales in units at their expected selling prices.

          

  2. BudgetingThe process of projecting continuing operations and projects and then reflecting their financial impact.

          

  3. Relative performance contractsAn incentive compensation plan whereby compensation is a function of actual performance compared to a fixed (budgeted) target.

          

  4. Activity-based budgeting (ABB)A budgeting process based on activities and cost drivers of operations.

          

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

          

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