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5 Written questions

5 Matching questions

  1. Kaizen budgeting
  2. Gaming the performance measure
  3. Budgetary slack
  4. Operating budgets
  5. Master budget
  1. a A budgeting approach that incorporates continuous improvement expectations in the budget.
  2. b Plans for all phases of operations and include production, purchasing, personnel, and marketing budgets.
  3. c A result on non-value-adding actions taken by managers to improve indicated performance.
  4. d The "cushion" managers intentionally build into budgets to help ensure success in meeting the budget.
  5. e An organization's operating and financing plan for the upcoming period; it translates short-term objectives into action steps

5 Multiple choice questions

  1. Depicts effects on cash of all budgeted activities.
  2. Shows the amount of merchandise it needs to purchase during the period.
  3. Shows expected sales in units at their expected selling prices.
  4. The measure of capacity used to estimate cost-driver rates under ABC and TDABC systems.
  5. A budgeting process based on activities and cost drivers of operations.

5 True/False questions

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

          

  2. Financial budgetsPlans for all phases of operations and include production, purchasing, personnel, and marketing budgets.

          

  3. BudgetingA detailed plan for the acquisition and use of financial and other resources over specified period of time - typically a fiscal year.

          

  4. Time-driven activity-based
    budgeting (TDABB)
    A budgeting process based on activities and cost drivers of operations.

          

  5. Fixed performance contractReward managers for performance based on comparison of actual results with specified benchmarks not budgeted targets.

          

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