The budgeting process that involves adding a month to the end of the budget period at the end of each month, thus maintaining a twelve-month planning horizon, is referred to as:
A. zero-based budgeting.
B. participative budgeting.
C. capital budgeting.
D. continuous budgeting.
Answer: D
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Indicate whether the statement is true or false
Managerial accounting is most concerned with addressing the needs of individual departments of the firm
Indicate whether the statement is true or false
For most individuals, which item below is an example of a lifestyle asset?
A) 100 shares of IBM stock B) $2,000 in a savings account C) $10,000 vested interest in an employer's retirement plan D) A new car
Why do organizations use performance management systems?
a) Identify organizational talent b) Leadership development c) Succession planning d) All of the above