Multiple Choice
Which of the following is not a purpose or benefit of a budget?
A) It forces mangers to think ahead and plan for future conditions
B) It can be used as a punishment tool for staff who are underperforming
C) It coordinates all of the business's activities into a common plan
D) It provides a motivational tool for managers and staff to achieve a set goal
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Management by exception involves:<br>A)investigating all unfavourable variances<br>B)investigating
Q9: Choose the correct statement: a budget is:<br>A)a
Q10: Fixed costs:<br>A)remain constant regardless of output or
Q11: Which of the following is an advantage
Q12: Choose the correct statement: a budgeted Income
Q14: Choose the correct statement: a sales budget:<br>A)summarises
Q15: Randolph's Budgeted Income Statement for the year
Q16: Choose the correct statement: a purchases and
Q17: Breakeven point is the point where:<br>A)total sales
Q18: An example of an unfavourable variance would