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I have public financial mangement questions 1.A flexible budget shows profitability under different assumptions of production volume. a. True b. False 2. The annualized cost

I have public financial mangement questions

  1. 1.A flexible budget shows profitability under different assumptions of production volume.
  2. a. True

b. False

2. The annualized cost method is used to evaluate alternatives when their useful lives are different.

a. True b.False
  1. 3. Select from the following to answer questions a to d. ( Note: some terms may not be used in any of the answers while others may be used more than once. Also, answers to some questions may involve multiple types of budgets.).

Operating

Capital

Flexible

  1. Performance
  2. SpecialPurpose
  3. Master
  4. a._______________________________areallpreparedusingaccrualaccounting

b. ________________ budgets are based on the expected timing of receipts and disbursements.

c. The operating, cash and capital budgets are all parts of the _____________ budget.

d. _________________ budget focuses on an organizations ability to meet its mission.

  1. 4. Select from the following to answer questions a to c. Note: some questions may have multiple answers and answers may be used more than once.

  1. Fixed Cost
  2. Direct Cost
  3. Variable Cost
  4. Indirect Cost
  5. Marginal Cost
  6. Step-FixedCost
  7. a. A(n)_________________changewitheachunitincreaseinvolumewhile_________________changewhenvolumeincreasesbymorethanoneunitofvolume.
  8. b.TotalCostequalsboth_______________plus___________________and___________________________plus______________.
  9. c. Marginalcostsareequaltovariablecostsunlesstherearechangesin_______________________________.

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