Multiple Choice
Where there is a significant favourable variance management is best advised to:
A) ignore it, because it does not cause immediate concern.
B) investigate, because it may mean that targets are unrealistically low.
C) investigate it to find out why things are not going according to plan.
D) Both B and C.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: If the opening cash balance at the
Q15: Use the information below to answer
Q16: How can a budget help in decision
Q17: Where budget targets have proven to be
Q18: Use the information below to answer
Q20: Which of the following could be the
Q21: The adverse (unfavourable)variance is:<br>A)Budgeted payment for rent
Q22: Budget targets should be:<br>A)achievable.<br>B)easy.<br>C)challenging and achievable.<br>D)loose and
Q23: Which statement about the uses of budgets
Q24: Which budget criticism can be dealt with