Question
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started