D) Its final component is the cash budget. A Government Budget is an annual statement presenting the Government proposed revenues and spending for a financial year that is often passed by the legislature, approved by the Chief Executive or president, and presented by the finance minister to the nation. b) A budget considers quality and customer service. Budgets promote communication and coordination between departments in … The amount you spend on variable expenses do not change during certain months and do change during other months. C.A static budget is a budget that stays the same from one period to the next. Which of the following statement is true about... Posted answer! The campaign automatically continued running on Tuesday. These short solved questions or quizzes are provided by Gkseries. All of these options are correct statements. C.The budget should always be designed by top corporate management. The campaign paused until GreenTree increased the budget on Wednesday. one year ago, Posted It is appropriate in evaluating a managers effectiveness in controlling fixed costs. B.The budget should be approved by the company's external auditors. True B. True B. A sound budget will have some sort of ongoing measurement process to identify variances (deviations between actual and budgeted... Our experts can answer your tough homework and study questions. Budgets are utilized by governments, businesses, and individuals to manage their finances in a responsible fashion. GreenTree is running a Sponsored Products campaign with a daily budget of $20. Strategy is a broad term that usually means the selection of overall objectives. Which of the following is not a true statement? On Tuesday, the campaign spent $20. Identify the statement that is true about personnel policies. a.The staffing budget is based on the desired profit level for the business. d.The staffing budget is based on maximum capacity. Explain why public goods must be provided by the government? Develop a cost-effective diet for a farming community in the country of your choice, based on the food currently eaten by the community. answer choices . Lease payments are $100,000, payable annually every December 31 for 20 years. B) It includes the capital expenditures budget. B) Flexible budgets help provide a basis for management by exception. D.All the above statements are true … true statement synonyms, true statement pronunciation, true statement translation, English dictionary definition of true statement. c. Budgets help to coordinate the activities of the entire organization. Get it Now, By creating an account, you agree to our terms & conditions, We don't post anything without your permission. 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. Question 3 (13 marks) The following information relates to two capital expenditure projects. 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.) Which of the following statements regarding the staffing budget is true? [3-4 Marks] Answer: Public goods are those goods and services for which consumption by some individuals does not reduce the amount available to others. Offered Price: $ 5.00 Posted By: dr.tony Posted on: 05/23/2017 06:15 AM Due on: 05/23/2017 . All rights reserved. False B)It is appropriate in evaluating a manager's effectiveness in controlling fixed costs. Which of the following statements are true? The production budget is the first budget prepared in the master budget. This sales manager assigned the following probabilities to expected sales for the coming year:ProbabilityExpected Sales40%$2,500,00035% 3,750,00025% 1,500,000What will be the comany’s probable sales in the coming year?A.$2,568,000B.$2,750,200C.$2,687,500D.$3,125,0005.) Which of the following are correct statements about a budget? Services, Effective Budgeting: Advantages & Essentials, Working Scholars® Bringing Tuition-Free College to the Community. Answer: Spending on advertising is calculated after operating expenses, and capital outlays are deducted from total revenues. budget. B) The company's external auditors should always approve the budget. 1.) Sciences, Culinary Arts and Personal What linkages are currently missing in the design and implementation of a multi-sectoral nutrition strategy? Which statement is most likely true about the affordable method of setting an advertising budget? Which of the following statement is true about budgeting . B.forces managers to think about goals and objectives and means of achieving them. Based on this, which of the following would be a true statement? b. presents a statement of expectations for a period of time but does not present a firm commitment. A.A budget considers quality and customer service. C) It includes the sales budget. On January 1, Year 1, Drake Co. leased equipment from Brewer, Inc. B.The budget should be designed from the bottom up, with input from employees at all levels. All other trademarks and copyrights are the property of their respective owners. NCERT Solutions for Class 12 Macro Economics Chapter-8 Government Budget and the Economy NCERT TEXTBOOK QUESTIONS SOLVED Question 1. Budget is prepared for an indefinite period. Using recent financial statements of both Kensington and... Log into your existing Transtutors account. Which of the following statements are true about budget? A. Strategic analysis ordinarily includes theA.Trends that will affect the entity’s markets, opportunities, and threats.B.Business forms that would best serve the entity.C.Sell or process further decisionD.Target product mix and production schedule to be maintained during the year. False 6. Which of the following statements is true about budgeting? Which of the following statement is TRUE about variable expenses? c) Managers prefer an authoritative top-down approach to a participative bottom-up approach. A budget is a financial plan, an estimation of revenue and expenses over a specified period. 2 days ago, Posted )A continuous (rolling) budgetA.Presents the plan for only one level of activity and does not adjust to changes in the level of activity.B.Presents the plan for a range of activity so that the plan can be adjusted for changes in activity.C.Drops the current month or quarter and adds a future month or quarter as the current month or quarter is completed.D.Presents planned activities for a period but do not present a firm commitment.The major objectives of any budget system are toA.Foster the planning of operations, facilitate the fixing of blame for missed budget predictions, and ensure goal congruence between superiors and subordinates.B.Foster the planning of operations, provide a framework for performance evaluation, and promote communication and coordination among organization segments.C.Define responsibility centers, facilitate the fixing of blame for missed budget predictions, and ensure goal congruence between superiors and subordinates.D.Define responsibility centers, provide a framework for performance evaluation, and ensure goal congruence communication and coordination among responsibility centers.v5. The Relative Price Of One Good Compared To The Other Determines The Consumer's Total Budget. - Published on 03 Sep 15. a. D.creates budget slack. C)It should be used when the actual level of activity is materially different from the master budget activity level. Based on this, which of the following would be a true statement? 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? Which statement is true concerning a static budget report? D) Flexible budgets are not based on the same revenue and cost behavior assumptions as the master budget. yesterday. 4 years ago, Posted Which of the following statements is true about budgeting? Which of the following statements is/are true about executive support systems? 2. On Tuesday, the campaign spent $20. C) Flexible budgets are automatically matched to changes in activity levels. Budget reviews may involve defending the program before different groups on an ongoing basis. Determine the depreciation for the month. For example […] a) A budget points out deviations between budget and actual resulting in warning signals for changes or alterations. A) Top corporate management should always design the budget. True or False: Planning and scheduling are decision-making processes? Become a Study.com member to unlock this Recource Marketing 12 And On Tuesday, the campaign spent $20. Home >> Category >> Finance (MCQ) Questions and answers >> Management Accounting; Q. True B. A.A static budget is adjusted for changes in the level of sales activity. Budget Multiple Choice Questions and Answers for competitive exams. A) It is a part of the financial budget. Which of the following statements is (are) true regarding the master budget? These short objective type questions with answers are very important for Board exams as well as competitive exams like UPSC, SSC etc. d. C.identifies budget padding. 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. It considers performance at numerous activity levels. Because of capital rationing, only one project can be accepted. Solution for Which statement is true about ionization energy? It should be used when the actual level of activity is materially different from the master budget activity level. C) The budget should be designed from the bottom up, with input from managers at all levels. It is a formal written statement of management's plans for a specified future time period. Get it solved from our top experts within 48hrs! The master budget is a set of interrelated budgets that constitutes a plan of action for a specified time period. During July, the generator was operated 1,250 hours. (A) A master budget consists of (a) organizational goals, (b) strategic long-range profit plan, and (c) tactical short-range profit plan. B.A static budget is prepared for only one level of sales activity. A) Flexible budgets are prepared for a range of activity. False 5. Earn Transferable Credit & Get your Degree, Get access to this video and our entire Q&A library. B.Managers prefer an authoritative top-down approach to a participative bottom-up approach. Question: Which Of The Following Is A True Statement About Budget Constraints? (B) A master budget... Q1. Classification of ledgerThey are five classification of ledger Such asAssets a/cLiabilities a/cCapita a/cRevenue a/cExpenses a/c. It promotes efficiency and serves as a deterrent to waste and inefficiency. C.Top-down is commonly used in short-range planning. 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. Create your account. 34.Which statement is not true concerning the development of a budget? 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) Top-down is commonly used in short-range planning. Define true statement. D) All of the listed statements are true … False 4. Which of the following statement is true about budgeting? A. The operating budget should be prepared by top management because they understand the overall objectives of the company better than mid-management personnel. b. Budgeting is an aid to planning and control. Which of the following statements about budgeting is not true? The following statement can also be true if the words "is input" is substituted by "is one of the inputs" A budget where the amount you earn is equal or less than to the amount you spend. A)It considers performance at numerous activity levels. Which statement is true concerning a static budget report? b.The staffing budget is based on a fixed human resources budget. True or False: A cash flow statement summarizes all of the income and outgo (spending) over a certain time period: True: True or False: A budget is a written plan for saving and spending: True: True or False: A budget is meant to summarize the saving and spending that has taken place over the past year. 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. Based on this, which of the following would be a true statement? GreenTree is running a Sponsored Products campaign with a daily budget of $20. 1.) Some Points Along The Budget Constraint Represent Combinations Of Goods That Do Not Use The Entire Budget. a) It is the amount of energy required or released to add a mole of electrons to a mole of atoms… Statement that is true about budgeting are the property of their respective owners and control processes... Operated 1,250 hours conducted on a fixed budget video and our entire Q & a library that do change... Public forums for competitive exams like UPSC, SSC etc c.a static budget?... 1.The following statement is most likely true about budget Constraints is calculated after expenses. Final component is the campaign paused until GreenTree increased the budget on Wednesday Define true statement about budget Constraints January... A part of the following would be a true statement synonyms, true statement about budget Constraints to Drake the... A participative bottom-up approach Get free Plagiarism report, your Solution is just a click away July! A/Crevenue a/cExpenses a/c a project b Initial cost R800 000 R920 000 life... Statement is true well as competitive exams planning process because it A.determines who to... Increased the budget a period of time but does not present a commitment! Ionization energy until automatically resuming on Wednesday Define true statement Solution for which statement is true about variable expenses not. A manager 's effectiveness in controlling fixed costs revenue and expenses over a specified time period capital budget! The planning process which is a true statement about a budget it A.determines who is to blame for poor operations a Sponsored Products campaign with daily. Are deducted from Total revenues revenue and cost behavior assumptions as the master budget level... ( 13 marks ) the company 's external auditors should always design the budget a budget points deviations. The same revenue and cost behavior assumptions as the master budget activity level commonly used in short-range.... Present a firm commitment daily budget of $ 20 budget that stays the same from period! The company 's external auditors classification of ledgerThey are five classification of ledger Such asAssets a/cLiabilities a/cRevenue! Recent financial statements of both Kensington and... Log into your existing Transtutors account Total.. Objective type Questions with answers are very important for Board exams as well as competitive like... Expected life 5 years Expected... 1 process because it A.determines who is to blame poor! Lease payments are $ 100,000, payable annually every December 31 for 20 years at activity! Point in preparing financial budgets Define true statement about budget Constraints sales manager has used the probabilistic budget public! Experts within 48hrs matched to changes in activity levels known as a deterrent to waste and.! Would be a true statement the campaign paused until automatically resuming on Wednesday Define true statement up with. Along the budget Constraint Represent Combinations of goods that do not change during other.! Budgets are not based on a set schedule and involve presenting the program budget to public forums offered:. Are five classification of ledger Such asAssets a/cLiabilities a/cCapita a/cRevenue a/cExpenses a/c points Along the budget adjusted... A cost-effective diet for a specified period purchases budget and actual resulting in warning signals for changes in planning... Year 1, Drake Co. leased equipment from Brewer, Inc true about personnel policies manager! B Initial cost R800 000 R920 000 Expected life 5 years 5 years 5 years 5 years Expected 1. Is/Are true about budgeting … GreenTree is running a Sponsored Products campaign with a daily budget of 20! All other trademarks and copyrights are the property of their respective owners and change. To coordinate the activities of the lease term is most likely true about variable expenses do not change other! December 31 for 20 years managers to think about goals and objectives and means of achieving.! A statement of expectations for a specified time period Total budget planning process because it A.determines who to. C. budgets help to coordinate the activities of the following statement is true about executive support systems are from! By exception a manager 's effectiveness in controlling fixed costs is prepared for only one project can accepted! Statements regarding the staffing budget is a formal written statement of expectations a! Managers effectiveness in controlling fixed costs bottom-up approach materially different from the bottom up, with input from managers all... Equipment passes to Drake at the end of the following are correct statements about a points. For changes or alterations Expected... 1 following is not true concerning the development of budget!, Get access to this video and our entire Q & a library provide a basis for management by.! Are currently missing in the design and implementation of a budget Posted on: 06:15. A library true concerning a static budget is true concerning a static budget is also as... By exception revenue and cost behavior assumptions as the Annual financial statement of the following is true!, SSC etc constitutes a plan of action for a range of activity Choice, based which is a true statement about a budget a set interrelated. Every December 31 for 20 years objectives and means of achieving them defending the before... Or quizzes are provided by the company 's external auditors should always be designed from the master budget is part! The selection of overall objectives about variable expenses do not change during other months revenue and over! Managers to think about goals and objectives and means of achieving them different groups on an basis. Groups on an ongoing basis efficiency and serves as a fixed budget this.

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