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Question 1 (2.5 points) Budgeting provides all of the following EXCEPT: Question 1 options: A) an ethical framework for decision making. B) support for the
Question 1 (2.5 points) Budgeting provides all of the following EXCEPT: Question 1 options: A) an ethical framework for decision making. B) support for the management functions of planning and coordination. C) a means to anticipate problems. D) a means to communicate the organization's short-term goals to its members. Save Question 2 (2.5 points) When discussing the roles of budgets, a planning role in the budgeting process includes: Question 2 options: A) developing the master budget. B) reporting actual amounts at the end of the budgeting period. C) assessing performance. D) measuring outcomes against planned amounts. Save Question 3 (2.5 points) When discussing the roles of budgets, a control role includes: Question 3 options: A) measuring and assessing performance against budgeted amounts. B) developing long-term strategies and short-term plans. C) identifying organizational objectives and short-term goals. D) developing the master budget. Save Question 4 (2.5 points) In which order are the following developed? A = Production planB = Materials purchasing plan C = Demand forecastD = Sales plan Question 4 options: A) first to last: C, A, D, B B) first to last: A, B, C, D C) first to last: D, C, B, A D) first to last: C, D, A, B Save Question 5 (2.5 points) What is the current break-even point in terms of number of units for the next month? Question 5 options: A) 1,500 units B) 2,250 units C) 3,333 units D) None of the above is correct. Save
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