Question 1 (2.5 points) Budgeting provides all of the following EXCEPT: Question

Question

Question 1 (2.5 points) Budgeting provides all of the following EXCEPT: Question 1 options: A) an ethical framework for decision making. B) support for the management functions of planning and coordination. C) a means to anticipate problems. D) a means to communicate the organization's short-term goals to its members. Save Question 2 (2.5 points) When discussing the roles of budgets, a planning role in the budgeting process includes: Question 2 options: A) developing the master budget. B) reporting actual amounts at the end of the budgeting period. C) assessing performance. D) measuring outcomes against planned amounts. Save Question 3 (2.5 points) When discussing the roles of budgets, a control role includes: Question 3 options: A) measuring and assessing performance against budgeted amounts. B) developing long-term strategies and short-term plans. C) identifying organizational objectives and short-term goals. D) developing the master budget. Save Question 4 (2.5 points) In which order are the following developed? A = Production planB = Materials purchasing plan C = Demand forecastD = Sales plan Question 4 options: A) first to last: C, A, D, B B) first to last: A, B, C, D C) first to last: D, C, B, A D) first to last: C, D, A, B Save Question 5 (2.5 points) What is the current break-even point in terms of number of units for the next month? Question 5 options: A) 1,500 units B) 2,250 units C) 3,333 units D) None of the above is correct. Save

Explanation / Answer

Solution:

1) Correct option is A) A) an ethical framework for decision making

Budgeting does not provide an ethical framework for decision making since budgeting is a part of planning and a mean to communicate the organizations short term goal to its members. Budgeting is done based on the past experience and some technical standard. It does not provide an ethical framework for decision making.

Pls ask separate question for remaining parts.

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.