SManag. - Unit 3

The master budget is a comprehensive budget because it takes into account all areas and activities of the company.

• True

• False

The zero-based budget starts from the results of the previous year to make future projections.

• True

• False

The labour budget is part of the financial budget category.

• True

• False

KPIs should only be applied at the end of the year, as it is necessary to wait until the end of the period to evaluate the results accurately.

• True

• False

Among the advantages of budgets, we find that it allows for efficient use of resources and the analysis of deviations through comparison with actual results.

• True

• False

All the budgets prepared by the company are interrelated, which means that no budget can be prepared independently.

• True

• False

The quantitative sales forecasting method of moving averages is used to predict future demand based on the average of recent historical data.

• True

• False

Among the investment evaluation methods, we find Net Present Value (NPV), Internal Rate of Return (IRR), and SWOT analysis.

• True

• False

The theoretical standard cost represents the ideal production cost under optimal conditions, without considering possible inefficiencies or unforeseen events in the process.

• True

• False

Historical budgets are useful for managers to make decisions, as they are based on information that has already occurred and on which there is complete certainty.

• True

• False