NAME

Question types


Start with


Question limit

of 25 available terms

Advertisement
Print test

5 Written questions

5 Matching questions

  1. Relative performance contracts
  2. Cash budget
  3. Zero-base budgeting (ZBB)
  4. Strategic budget expenditures
  5. Financial budgets
  1. a Depicts effects on cash of all budgeted activities.
  2. b Reward managers for performance based on comparison of actual results with specified benchmarks not budgeted targets.
  3. c Planned spending on projects and initiatives that lead to long-term value and competetive advantage.
  4. d Identify sources and uses of funds for budgeted operations and capital expenditures
  5. e A budgeting process that requires managers to prepare budgets from a zero base.

5 Multiple choice questions

  1. The measure of capacity used to estimate cost-driver rates under ABC and TDABC systems.
  2. A detailed plan for the acquisition and use of financial and other resources over specified period of time - typically a fiscal year.
  3. A budgeting approach that incorporates continuous improvement expectations in the budget.
  4. A process for evaluating, selecting, and financing long-term projects
  5. A budgeting process based on activities and cost drivers of operations.

5 True/False questions

  1. Time-driven activity-based
    budgeting (TDABB)
    Represents budgets prepared in conjunction with a TDABC system.

          

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

          

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

          

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

          

  5. Long-range plansIdentifies required actions over a 5 to 10 year period to attain the firm's strategic goal(s).