I have a quiz that I need help with, there are five questions, true or false. Any helpwould be awesome and much appreciated, thanks. Here they are:
1. Budgets provide a benchmark to compare against actual results. (Points : 1) True False
Question 2. 2. Budgets and responsibility accounting have little or no correlation. (Points : 1) | True False |
Question 3. 3. The master budget provides all the guidance a firm needs. Sub budgets are not a necessity for good management of the business. (Points : 1) | True False |
Question 4. 4. Zero-based budgeting means a manager gets zero budget dollars without justifying each expense. (Points : 1) | True False |
Question 5.5. The budget process starts with the cash budget because cash is king. (Points : 1) | True False |