Ls AMoving to another question will save this response. Question 16 Which of the following statements is correct? A. Planning is not an important part of an effective budgeting system B. Control is not an important part of an effective budgeting system. C.A good budgeting system need not include planning or control. D. Both planning and control are needed for an effective budgeting system. L AMoving to another question will save this response. op Moving to another question will save this response. Question 17 Transfer prices can be based on: A. variable cost B. full cost. C. an external market price. D. a negotiated settlement between buying and selling divisions. E. all of the above. L AMoving to another question will save this response. A Moving to another question will save this response. Question 18 Return on Investment (ROI) is equal to margin multiplied by: A. sales. B. cost of goods sold. C. selling and admin expenses. D. turnover. A Moving to another question will save this response. A Moving to another question will save this response. Question 19 A segment of a business responsible for both revenue and expenses would be called: A. a cost center. B. a revenue center. C. a profit center. d. residual income. Moving to another question will save this response. hp A Click Submit to complete this assessment Question 20 1 points Jennifer Company has two products: A and B. The company uses activity-based costing. The estimated total cost and expected activity for each of the company's three activity cost pools are Estimated Expected Activity Activity Cost Pool Product A Total Cost Product B $23, 500... .400.. .100. .500 Activity 1... .$18, 000.. ,500 ,200 .700 Activity 2.. $34, 600.. 600.... .300.... 900 Activity 3.. The activity rate under the activity-based costing systems for Activity 3 is closest to: A. $36.24. O B. $38.44. C. $84.56 O D. $115.33 A Click Submit to complete this assessment Savea