Which of the following statements is false?
a. The final step in the budgeting process is the preparation of budgeted financial statements to allow management to decide whether or not the proposed results are acceptable.
b. The first step in the budgeting process is to prepare a statement showing the cost drivers.
c. The financial budget is prepared after the operating budget.
d. Continuous budgets cause managers to always be thinking twelve months in advance.
b
You might also like to view...
The difference between the actual allocation base (actual quantity) and the amount of the allocation base that should have been used (standard quantity) times the standard cost is called the ________.
A) variable overhead cost variance B) variable overhead efficiency variance C) fixed overhead cost variance D) fixed overhead volume variance
A company with no investment outside its home country other than the direct purchase of products and services is referred to as a(n) ________ company
A) international B) outsourced C) offshored D) multinational E) global
Quantitative research is essentially survey research
Indicate whether the statement is true or false
Which of the following characterizes those high in organizational commitment and low in job involvement?
A. Institutional Stars B. Corporate Citizens C. Lone Wolves D. Apathetics