3556673d8cddc7ddib4c078245ce6449 fes Q1-Traditionally, performance evaluation us

Question

3556673d8cddc7ddib4c078245ce6449 fes Q1-Traditionally, performance evaluation using the budget as a benchmark is often feared and resented, and can lead to: a-beyond budgeting b-decentralization c-gaming d- roling forecasts The usual starting point in budgeting for a for-profit organization is to make a forecast of cash receipts and cash disbursements. True False The production budget includes detailed information as to the number of units of direct materials and the number of direct labour hours required for each budget period for a manufacturing business. True False The production budget includes detailed information as to the number of units of direct materials and the number of direct labour hours required for each budget period for a manufacturing business. True False The cash receipts expected to be collected are based on the production budget. True False Control involves developing objectives and preparing the various budgets to achieve those True False In a traditional incremental approach to budgeting, there is usually the assumption that the previous year's budget is used as a starting point. True False Sales forecasts are drawn up after the cash budget has been completed sin funds available for marketing known. True ce only then are the Budgets are used for planning rather than for control of operations. True False MacBook Air

Explanation / Answer

A) beyond budgeting

True- the usual starting point of budget of profit organisation is to check cash disbursement and cash receipts.

False

False- No, the production budget does not include raw material and direct labour details.

True- cash receipts expected to be collected are based on production budget.

True- control involves developing objectives and preparing the various budgets to achieve those objectives.

True-in a traditional incremental approach to budgeting, previous year's budget is used as a starting point.

False- Sales forecast are prepared separately, it has nothing to do with the cash budget.

True- budgets are used for planning rather than for control of operations.

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