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1. Budget Feedback control ____ Select one: A. compares actual against equity B. compares actual against profit C. compares actual against variance D. compares actual

1. Budget Feedback control ____

Select one:

A. compares actual against equity

B. compares actual against profit

C. compares actual against variance

D. compares actual against budget

2. Budget Feed-forward control Select one:

A. Compares budgets with long term plans and thus attempts to anticipate problems.

B. Compares budgets with short term plans and thus does not attempts to anticipate problems.

C. Compares budgets with long term plans and thus does not attempts to anticipate problems.

D. Compares budgets with long term plans and thus attempts to anticipate rewards.

3.

Which of the following is not a reason for variance?

Select one:

A. Operating -Performance not up to plan

B. Short term solvency Long term solvency

C. Planning - Poor predictions

D. Measurement -Planning or operating miscalculation.

4. Which of the following are reasons for variance? Select one:

A. Factor surplus (materials, labour, demand).

B. Weather

C. Equipment failure

D. Strikes

5. Managers should not be held accountable for those aspects which they cannot control, what are they?

Select one:

A. Uncontrollable income & uncontrollable expenditure

B. Uncontrollable costs & uncontrollable events

C. Controllable costs & Controllable events

D. Uncontrollable profit & uncontrollable loss

Thank you very much.

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