one year ago, Posted Order ID: TTs12012178796737 Q1. False 5. budget. A budget is a financial plan, an estimation of revenue and expenses over a specified period. Develop a cost-effective diet for a farming community in the country of your choice, based on the food currently eaten by the community. Get it solved from our top experts within 48hrs! Which of the following statements are true? Some Points Along The Budget Constraint Represent Combinations Of Goods That Do Not Use The Entire Budget. Lease payments are $100,000, payable annually every December 31 for 20 years. Which of the following statements about budgeting is not true? C.identifies budget padding. First, you must budget for your Immediate Obligations and then your True Expenses (larger, less frequent expenses, that you may or may not know exactly how much or when you will need, but you know they are coming) to prevent going further into debt. Earn Transferable Credit & Get your Degree, Get access to this video and our entire Q&A library. 2. b. False 4. Which of the following is not a true statement? C)It should be used when the actual level of activity is materially different from the master budget activity level. A) Top corporate management should always design the budget. B) The company's external auditors should always approve the budget. Question 3 (13 marks) The following information relates to two capital expenditure projects. d.The staffing budget is based on maximum capacity. Which of the following statement is true about budgeting?A.A budget considers quality and customer service.B.Managers prefer an authoritative top-down approach to a participative bottom-up approach.C.Top-down is commonly used in short-range planning.D.A budget points out deviations between budget and actual resulting in warning signals for changes or alterations.2.) © copyright 2003-2021 Study.com. yesterday. What indigenous crops have high potential to be introduced in the food production system in order to increase the dietary diversity and reduce the cost of nutrition? 1.) Budget Multiple Choice Questions and Answers for competitive exams. Which of the following statements is/are true about executive support systems? B)It is appropriate in evaluating a manager's effectiveness in controlling fixed costs. 1.) Based on this, which of the following would be a true statement? D) Flexible budgets are not based on the same revenue and cost behavior assumptions as the master budget. d. Correct Answer is The campaign paused until automatically resuming on Wednesday Recource Marketing 12 And c.The staffing budget will vary based on the expected demand for services. c. Budgets help to coordinate the activities of the entire organization. Budget & Planning Mission Statement The mission of the Office of Budget and Planning is to provide timely, accurate, and useful information to decision makers to assist them in making decisions that are congruent with the vision, mission, and goals of LSU and A&M College. D.creates budget slack. C) The budget should be designed from the bottom up, with input from managers at all levels. During July, the generator was operated 1,250 hours. The operating budget should be prepared by top management because they understand the overall objectives of the company better than mid-management personnel. Offered Price: $ 5.00 Posted By: dr.tony Posted on: 05/23/2017 06:15 AM Due on: 05/23/2017 . A flexible budget _____________________A.is used when a company is relatively stable.B.allows for variability in the business and for unexpected changes.C.drops the current month or quarter and adds a future month or quarter as the current monthor quarter is completed.D.presents the plan for only one level of activity and does not adjust to changes in the level ofactivity.3. C.Top-down is commonly used in short-range planning. Chelsea plc has embarked on a programme of growth through acquisition and has identified Kensington Ltd. and Wimbledon Ltd. as companies in the same industrial sector, as potential targets. A budget where the amount you earn is equal or less than to the amount you spend. It is a formal written statement of management's plans for a specified future time period. False 1.) a.The staffing budget is based on the desired profit level for the business. A)It considers performance at numerous activity levels. A. B.A static budget is prepared for only one level of sales activity. Which of the following statements regarding the staffing budget is true? The production budget is the first budget prepared in the master budget. Because of capital rationing, only one project can be accepted. Strategy is a broad term that usually means the selection of overall objectives. Which of the following statement is true about budgeting . The operating budget should be prepared by top management, rather than mid-management personnel, because they have the overall objectives of the company in mind. True or False: Planning and scheduling are decision-making processes? QUESTION 3 The FRC’s discussion paper Louder than Words contends that the complexity of corporate reports, their perception as compliance exercises and their attempt to please too many users all work to inhibit the effective communication of an... For your study country, develop a multi-sectoral nutrition strategy based on the existing nutrition policy framework. (A) A master budget consists of (a) organizational goals, (b) strategic long-range profit plan, and (c) tactical short-range profit plan. Question: Which Of The Following Is A True Statement About Budget Constraints? Goods must be provided by the community c.the staffing budget is adjusted changes... Term that usually means the selection of overall objectives Posted by: dr.tony Posted:! Linkages are currently missing in the master budget activity level useful in the design and implementation of a nutrition... Revenue and cost behavior assumptions as the Annual financial statement of expectations a. Answer is the cash budget submit your documents and Get free Plagiarism,. Numerous activity levels budget Multiple Choice Questions and answers for competitive exams statements are true A.A... 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