TRUE/FALSE MI2

TRUE/FALSE MI2

University

84 Qs

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Assessment

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Business

University

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84 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. Is the following statement true or false?

"Coordination and allocation of responsibility for the preparation of budgets is one of the functions of the budgets committee"

a.True

b.False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. Is the following statement true or false?

"A budget covers periods longer than one year and is used for strategic planning"

a.True

b.False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3. Is the following statement true or false?

"A budget manual will contain instructions governing the preparation of budgets"

true

false

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. Cash budget is a functional budget. Is it true or false

true

false

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5. Is the following statement true or false?

"A principal budget factor is a factor which limits an organization's performance" (activities)

true

false

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6. Distribution and selling resources NOT be a principal budget factor. Is it true or false?

true

false

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7. Is the following statement true or false?

 

"When preparing the master budget, establishing the organization's long-term objectives would normally be carried out first

true

false

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