Question 1 -12 When a budget is updated at every incremental budget period, the process is called: Participative budgeting 2 Continuous budgeting Capital budgeting 4) Zero-based budgeting 5) None of the above Question2 Which of the following are advantages of budgeting? 1 It helps management to get out of just doing things the same way and notice what can be improved. 2 It helps a company achieve their long-range goals It can be used for performance evaluation 4 It unifies the efforts of various departments in pursuit of company object 5 All of the above Question 3 The balance in the Materials Inventory on the Budgeted Balance Sheet is equal to: Materials Purchased during the period Materials Used during the period 3 Budgeted Beginning Materials Inventory 4) Aminus B 5 None of the above Question4 Which of the following budgets flows directly into the Budgeted Income Statement? 1 Capital expenditures budget 2 Budgeted balance sheet 3 Selling and administrative budget 4 Production budget (S) All of the above flow directly into the Budgeted Income Statement Drafts Are Disabled Subr