A budget is
a. a planning tool.
b. a control tool.
c. a means of communicating goals to the firm's divisions.
d. all of the above.
D
You might also like to view...
Expense accounts are debited in the closing process
a. True b. False Indicate whether the statement is true or false
Interest payment on long–term borrowing is classified as a(n):
a. noncash activity. b. financing activity. c. investing activity. d. operating activity.
Total variable cost divided by sales revenue is
A) variable cost ratio B) revenue ratio C) contribution ratio D) sales ratio E) degree of operating leverage
Which type of practitioner acts as a liaison and provides guidance (often mediating) but does not make decisions about communication content?
A. Expert prescriber C. Communication facilitator B. Communication technician D. Problem-solving process facilitator