Q 1. A budget can facilitate the coordination of activities among the segments of a large company.

Select One True False

Q 2. The longer the budget period, the more reliable the estimates of future outcomes

Select One True False

Q 3. The budget committee has the responsibility of coordinating the preparation of the budget

Select One True False

Q 4. The budget is developed within the framework of a sales forecast

Select One True False

Q 5. Budgetting and long range planning are two terms that describe the same process

Select One True False

Q 6. Long range plans are used more as a review of progress toward long-term goals rather than an evaluation of specific results to be achieved

Select One True False

Q 7. The master budget consists of operating and financial budgets

Select One True False

Q 8.A budget ia an aid to management

Select One True False

Q 9. Accounting generally has the responsibility for expressing the budget in financial terms

Select One True False

Q10. Budget are used in performance evaluation

Select One True False

Q11. Budget are useful in the planning process because it help to communicate goals and provide a basis for evaluation

Select One True False

Q 12. A common starting point in the budgeting process is to start with analysing thr past performance

Select One True False

Q 13. It is important tha the budget to accepted by supervisors only

Select One True False

Q 14 If budgets are to be effective, there must be excess plant capacity.

Select One True False

Q 15. Budgetting are closely associated with planning, directing, motivating and cotrolling functions

Select One True False