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please give me the correct answers wirh explanations. please answer all will get a thumbs up. QUESTION 12 In general, the budgeted income statement is
please give me the correct answers wirh explanations. please answer all will get a thumbs up. QUESTION 12 In general, the budgeted income statement is probably the most carefully scrutinized component of the master budget. True False QUESTION 14 Some companies take a top down approach to budgeting (upper management establishes the budget with little input from others), while other companies take a bottom-up approach (lower level employees are involved in the process) True False QUESTION 15 A flexible budget is a revised master budget based on the actual activity level. True False QUESTION 16 A top-down approach to budgeting motivates employees and leads to greater budget acceptance. True O False QUESTION 17 Organizations use budgets to control operations, because budgets provide a means to evaluate employee and company performance. True False QUESTION 18 An operating budget is used to communicate plans to: O a. Customers. Ob. Employees. Oc. Shareholders. O d. Suppliers. QUESTION 19 Which of the following best describes an operating budget? An estimate of cash expenditures for long-term assets. O. A short-term budget that focuses on the daily operations of the organization. Oc. A series of budget schedules outlining the organization's plans for the next three years. O d. An estimate of all operating costs other than production. QUESTION 20 Companies generally obtain sales forecasts from many different sources. O True O False
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