quiz

NO	QUESTIONS	ANSWERS
1	Conceptually, zero based budgeting means that the manager must: Justify 100% of his or her budget Justify 80% of his or her budget Justify 50% of his or her budget Justify 20% of his or her budget Justify 10% of his or her budget
2	A type of budgeting that has been recommended to reduce behavioral conflicts is the: Rolling budget Priority budget Optimize or reach budget Flexible budget Participative budget
3	Which of the following types of budgets provides the weakest form of the cost control? Priority incremental Flexible Master Zero based incremental
4	The journal entry is: An easy way to visualize business transactions Just like a logbook that contains a chronological listing of a companys transactions and events A way to document business activity as it occurs All of the above
5	Each of the following budgets is used in preparing the budgeted income statement except the: Sales budget Selling and administrative budget Capital expenditure budget Direct labor budget