NAME

Question types


Start with


Question limit

of 25 available terms

Advertisement Upgrade to remove ads
Print test

5 Written questions

5 Matching questions

  1. Time-driven activity-based
    budgeting (TDABB)
  2. Direct materials usage budget
  3. Activity-based budgeting (ABB)
  4. Budgetary slack
  5. Budget
  1. a A detailed plan for the acquisition and use of financial and other resources over specified period of time - typically a fiscal year.
  2. b The "cushion" managers intentionally build into budgets to help ensure success in meeting the budget.
  3. c A budgeting process based on activities and cost drivers of operations.
  4. d Shows the amount and budgeted cost of direct material required for production
  5. e Represents budgets prepared in conjunction with a TDABC system.

5 Multiple choice questions

  1. Depicts effects on cash of all budgeted activities.
  2. Plans for all phases of operations and include production, purchasing, personnel, and marketing budgets.
  3. Identify sources and uses of funds for budgeted operations and capital expenditures
  4. The process of projecting continuing operations and projects and then reflecting their financial impact.
  5. Shows the amount of merchandise it needs to purchase during the period.

5 True/False questions

  1. Strategic budget expendituresPlanned spending on projects and initiatives that lead to long-term value and competetive advantage.

          

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

          

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

          

  4. Production budgetShows planned production for given period.

          

  5. Gaming the performance measureAn incentive compensation plan whereby compensation is a function of actual performance compared to a fixed (budgeted) target.