Oklahoma Telephone Company has been forced by competition to put much more emphasis on planning and controlling its costs. Accordingly, the company's controller has suggested initiating a formal budgeting process. Which of the following steps will not help the company gain maximum acceptance by employees of the proposed budgeting system? (CMA adapted)
A. Ensuring that favorable deviations of actual results from the budget, as well as unfavorable deviations, are discussed with the responsible managers.
B. Demonstrating top management support for the budgeting program.
C. Implementing the change quickly.
D. Including in departmental responsibility reports only those items that are under the department manager's control.
Answer: C
You might also like to view...
The portion of an asset that was consumed during a period is referred to an expired cost
Indicate whether the statement is true or false
Which of the following is not an example of an external user of accounting information?
A) Potential and existing stockholders B) Government taxing agencies C) Potential and existing creditors D) Management
Karen has identified four potential market segments for her Rent-A-Chef home meal catering service. She will now evaluate the attractiveness of each segment by considering whether those segments are all of the following except
A. responsive. B. reachable. C. profitable. D. realistic. E. substantial.
Sears Kenmore is an example of a manufacturer brand.
Answer the following statement true (T) or false (F)