BAO 1101 Study Guide - Quiz Guide: Intangible Asset, Income Statement, Retained Earnings
Ques"on Set
Ques"on 1 1 / 1 point
The budget process usually focuses on the "me frame of one:
day
week
month
year
Ques"on 2 1 / 1 point
A budget:
is a subs"tute for management
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assists management in achieving objec"ves
is used only to communicate financial results
is the responsibility of the sales department
Ques"on 3 1 / 1 point
Which of the following is not provided by the budge"ng process :
comparison between actual and budgeted results
greater cost control
benchmark for performance evalua"on
a guarantee of achieving corporate objec"ves
Ques"on 4 1 / 1 point
Strategic planning relates to planning for:
the short term (usually less than 1 year).
the short term (usually 1 to 3 months).
the longer term (o#en 3 to 5 years).
none of the op"ons listed
Ques"on 5 1 / 1 point
A Cash Budget shows :
the actual cash balance
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find more resources at oneclass.com
Document Summary
The budget process usually focuses on the "me frame of one: day week month year. 1 / 1 point is a subs"tute for management assists management in achieving objec"ves is used only to communicate nancial results is the responsibility of the sales department. Which of the following is not provided by the budge"ng process : comparison between actual and budgeted results greater cost control benchmark for performance evalua"on a guarantee of achieving corporate objec"ves. Strategic planning relates to planning for: the short term (usually less than 1 year). the short term (usually 1 to 3 months). the longer term (o#en 3 to 5 years). none of the op"ons listed. A cash budget shows : the actual cash balance. 1 / 1 point the expected cash balance accounts payable accounts receivable. Consider the following details for eastco jeans store:- inventory at. During the year, ,000 of clothes were purchased.
