Question
Which of the following statements is false ? A) It is recommended that all budgets include a conservative amount of budgetary slack to account for
Which of the following statements is false?
A) It is recommended that all budgets include a conservative amount of budgetary slack to account for any unexpected decreases in revenue or increases in expenses.
B) One of the criticisms of budgeting is that managers will potentially be incentivized to make short-term decisions that can create long-term damage to the overall organization.
C) Responsibility center managers should only have controllable costs included in their performance reviews.
D) The capital expenditure budget is the budget for acquisition of long-term assets and has a long-term timeframe typically covering 5-10 years.
E) Participative budgeting includes input from responsibility center managers and leads to greater goal congruence
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