These processes ane not the same, budgets are fooused en shorter, marmally one y

Question

These processes ane not the same, budgets are fooused en shorter, marmally one year time frames eerm planning focuses on the strategies of the business rather han short cl Budgets provide little detail while long term plians provides exemive detail to goals d) Budgets are established by individual responsbility centers and are cansolidated in master budget A) A is False 8) 8 is False C) C is False o) D is False The following statements are Ealse as it regards Sapital Budreting Decisions a) The decision depends upon the availability of funds b) Proposed projects may have a relationship to another, making its value greater. c) Does the company rank projects by importance or simply have an approval or disapproval process. d) Risk does not need to be considered in deciding upon the approval of a project. A) A is False B) 8 is False C) C is False D) D is False e following statements are False as it regards Master Budget a) Master budget is the consolidated Long Term Plan for the corporation. b) A set of interrelated budgets that constitutes a plian of action over a specific period of time. c) Operating budgets for sales and production are the projection of the income statement d) Financial budgets focus on the cash resources needed to fund the operations. A) A is False B) B is False C) C is False D) D is False False as it regards Cash Payback Technisues: llowing statements are a) Cash payback identifies the time period required to recover the cost of the capital investment fr net annual cash flow produced. b) The shorter the payback period the greater the cash fow. c) Cash payback period is the best method used to determine the value of capital investment. d) Cash payback ignores the expected profitability of the project over time. A) A is False B) B is False C) C is False D) D is False

Explanation / Answer

1. False as it regards budget and long range planning

Option- (c) is false.

2. False as it regards capital Budgeting Decision-

Option- (d) is false.

3. False as it regards Master Budget

Option -(d) is false.

4. False as it regards cash Payback Techniques

Option- (b) is false.

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