Activity-Based Budgeting

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Business
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of activity-based budgeting?
To match costs to activities that took place
To allocate resources based on historical costs
To analyze activities and build a budget to increase efficiency
To establish a budget based on previous year's expenditures
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does activity-based budgeting differ from traditional budgeting methods?
It is based on the previous year's surplus
It relies on historical cost data
It focuses on future cost projections and activities
It uses a fixed percentage increase from the previous budget
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential benefit of understanding cost drivers in activity-based budgeting?
It guarantees a surplus at the end of the year
It allows for the elimination of all activities
It helps in reducing or eliminating unnecessary activities
It ensures a fixed budget allocation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key challenge in implementing activity-based budgeting?
It guarantees a higher budget for the next year
It is difficult to identify all activities and cost drivers
It requires less effort than traditional budgeting
It is easy to identify all cost drivers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might companies prefer traditional budgeting over activity-based budgeting?
Traditional budgeting relies on historical data, which is simpler to use
Activity-based budgeting is easier to implement
Activity-based budgeting always results in higher costs
Traditional budgeting is more efficient
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