QUESTION 1

What is an advantage and a disadvantage of the rolling budget? Include any personal experience or opinions you have. Please use complete sentences.

QUESTION 2

Discuss one of the ways to embrace rolling budgets. Please use complete sentences.

QUESTION 3

How does Management by Exception keep supervisor costs in check?

QUESTION 4

Not all variances should be investigated. Only the negative ones should be investigated. Agree or disagree. Explain. Please use complete sentences.

QUESTION 5

Not all negative variances should be investigated, only those that are 2 or more standard deviations from the mean. Agree or disagree. Explain. Please use complete sentences.

QUESTION 6

What additional factors does a Flexible Budget Performance Report take into account that Budget Report overlooks and why are those factors important?