5)Budgeting includes planning, directing, and controlling. True or False

6)Zero-Based budgeting requires managers to estimate sales, production, and other operating data as though operations are being started for the first time. True or False

Multiple Choice

7)Human Behavior problems can arise in the budgeting process in which of the following situations: ___________________________

Budgeting goals are set at the beginning of the year.

Budget goals are set too loose.

Budgeting goals are in line with the objectives of the company and employees

None of the Above

8)______________________ involves setting goals as a guide for making decisions.

Controlling

Directing

Planning

None of the Above

9)_______________________ involves decisions and actions to achieve budgeted goals.

Controlling

Directing

Planning

None of the Above

10)________________________is often referred to as padding.

Goal conflict

Budgetary Slack

Budget Conflict

None of the Above

11)__________________ involves comparing actual performance against the budgeted goals.

Controlling

Directing

Planning

None of the Above

12)A _______________________ show the expected results of a responsibility center for several activity levels.

Static Budget

Flexible Budget

Continuous Budget

None of the Above

13)The ____________________________ speeds up and reduces the cost of preparing the budget.

Integrated Computerized Budget & Planning System

Master Budget

Continuous Budget

None of the Above