Traditional organization theory uses which of the following to motivate workers?
Group of answer choices
Increased responsibility
Job satisfaction
Nature of the work itself
Bonuses
Self-esteem
D Question 1 An after-the-fact flexible budget: O is used only when the actual level of activity is the same as the static budget level of activity. O All of these are correct. O is used to provide the expected cost for a range of activity levels. is useful for control. O is the key to receiving frequent feedback from customers. D Question 2 Which budget should be used to determine managerial effectiveness? O before-the-fact flexible budget O static budget O after-the-fact flexible budget O financial budget O cash budget D Question 3 Which of the following is true of a flexible budget? It enables a firm to compute expected costs for a range of activity levels. It is prepared by large firms only. O It is a budget created in advance that is based on a particular level of activity. It is used to measure whether or not a manager accomplishes his or her goals. O It is usually not a good choice for benchmarks while preparing a performance report.D Question 4 Which of the following is a use of budgets for control? O Communication is improved. O If conditions change between the formation of the budget and the current time, budgets can be quickly adapted. O Budgets set a standard against which results can be compared. O All of these. O Plans can be made for the future. D Question 5 To create a meaningful performance report, O actual costs are compared with the expected costs at the same level of activity. O actual costs are calculated as a percentage of sales. O actual costs are compared with the prior year's actual costs. O actual costs are compared with the expected costs found in the static budget. O expected costs of the static budget are compared with the expected costs of the flexible budget. D Question 6 Which of the following is the most common starting point in the information gathering process for budgeting? The projected income statement O The sales forecast O The personnel forecast O The production forecastD Question 8 A company's planned borrowings and repayments appear on the O production budget. O interest income budget. O selling and administrative expenses budget. O cash budget. O operating budget. D Question 9 Which of the following is true of participative budgeting? It is only in use by large firms that need to prepare cash budgets. O It gives an opportunity to build slack into the budgets. O It always reflects operating realities such as actual levels of activity and seasonal variances. It results in achieving maximum organizational efficiency. O It can only be used by small firms. D Question 10 The planned ending cash balance for the year appears on which of the following statements? O Production budget O Budgeted balance sheet O Budgeted cash disbursements O Budgeted cash receipts O Budgeted income statement
