Budgeting Process quiz

 

 

/25

Budgeting Process

25 questions in 20 minutes

Answers at the end of the exam

Pass Score 70%

The questions change when you repeat the exam

enter full-screen mode by pressing the icon located in the top- right comer of the exam

 

1 / 25

MBO (Management by objectives) managers are most likely to believe that employees :

2 / 25

The major disadvantage of a budget produced by means of a top-down process is :

3 / 25

Rock Industries has four divisions. In the quest to develop a more achievable budget for the coming year, the chief executive officer has elected to develop the company’s budget by using a decentralized bottom-up budget approach. Chip Jarrett is production manager in one of the divisions. Jarrett’s involvement in the budget process this year will probably:

4 / 25

Which of the following statements regarding budgets is false ?

5 / 25

Which one of the following is not an advantage of a participatory budgeting process ?

6 / 25

Which one of the following is not considered to be a benefit of participative budgeting ?

7 / 25

One of the primary advantages of budgeting is that it :

8 / 25

Budgeting problems where departmental managers are repeatedly achieving easy goals or failing to achieve demanding goals can be best minimized by establishing:

9 / 25

Ineffective budget control systems are characterized by :

10 / 25

A budget helps a company control costs by setting cost guidelines. However, a budget also performs the function(s) of :

11 / 25

An advantage of participative budgeting is that it :

12 / 25

A budget manual, which enhances the operation of a budget system, is most likely to include :

13 / 25

Each organization plans and budgets its operations for slightly different reasons. Which one of the following is not a significant reason for planning ?

14 / 25

Which one of the following is an advantage of using the budgeting process to judge performance ?

15 / 25

An improperly executed budget process might have the effect(s) of :

16 / 25

All of the following are advantages of the use of budgets in a management control system except that budgets :

17 / 25

The best explanation of how the efficient allocation of organizational resources is planned during the budgeting process is that a budget :

18 / 25

The major objectives of any budget system are to :

19 / 25

Which one of the following is most important to a successful budgeting effort?

20 / 25

All of the following are advantages of top-down budgeting as opposed to participatory budgeting, except that it:

21 / 25

Which one of the following statements best describes budgetary slack ?

22 / 25

Which one of the following statements concerning approaches for the budget development process is correct ?

23 / 25

A planning calendar in budgeting is the :

24 / 25

When comparing performance report information for top management with that for lower-level management :

25 / 25

In developing the budget for the next year, which one of the following approaches would produce the greatest amount of positive motivation and goal congruence?

Your score is

0%

Leave a comment