30. High fixed costs will result in a larger variation in operating income than a low fixed cost structure.

True False

31. Bottoms up budgets are the same as self-imposed budgets.

True False

32. Today is November 1, 2018. A continuous budget for the period from November 1, 2018 through

October 31, 2019 is more reflective of current operating conditions than an operating budget for calendar 2018

that was compiled in November 2017.

True False

33. A big advantage of dollar cost averaging is that your average cost basis is reduced over time.

True False