In ZERO Based Budgeting, Managers are required to justify all expenses.

True

False

19. The one to one relationship between Variable Costs and Sales does not hold in reality. Give reasons and what is the term that was mentioned in the notes.

Your answer

46. A Managerial Accountant is more concerned about the historical records

True

False

58. Accrual basis of accounting means more profits because I am not paying cash right away

True

False