Question
1) Decision made during long-range planning include_____. A) addition or deletion of product line B) location of new plant C) purchase of equipment D) all
1)
Decision made during long-range planning include_____.
A) addition or deletion of product line
B) location of new plant
C) purchase of equipment
D) all of the above
2)
On a cash budget, if available cash balance plus net cash receipts and disbursements is negative, ______.
A) repayment of loan is suggested
B) repayment of loan is required
C) borrowing is necessary
D) borrowing is not necessary
3)
A(n) _____ starts with the assumption that current activities in a company will not automatically continue in the next period.
A) activity-based budget
B) strategic budget
C) master budget
D) zero- base budget
4)
The most forward-looking and least detailed budget is the strategic plan.
A) TRUE
B) FALSE
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