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.

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.

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.

Question 4 (2.5 points) In which order are the following developed?

A = Production plan

B = 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

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