Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2022

Authors: Jeanette Landin

8th Edition

126072879X, 9781260728798

More Books

Students also viewed these Accounting questions

Question

Describe some common hazards in the contemporary workplace

Answered: 1 week ago