One characteristic of incremental budgeting is that it
A. allows comparison using various units, like labor hours and dollars.
B. is flexible toward changing environmental demands.
C. allows easy comparison of different departments doing different activities.
D. locks managers into stable spending arrangements.
E. requires more time from managers than zero-based budgeting.
D. locks managers into stable spending arrangements.
One difficulty of incremental budgeting is that incremental budgets tend to lock departments into stable spending arrangements; they are not flexible in meeting environmental demands.
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________ are abstract ideals that guide one's thinking and behavior across all situations.
A. Ethics B. Cultures C. Perceptions D. Attitudes E. Values
All of the following are mentioned in the text as specific objectives of a questionnaire EXCEPT:
A) translate the researcher's information needs into a set of specific questions that respondents are willing and able to answer. B) minimize demands imposed on respondents. C) minimize response error. D) collect demographic information that can be used in later direct mail campaigns. E) B and D
Dividends and expenses increase equity
Indicate whether the statement is true or false
The principle of diminishing marginal satisfaction explains why
A) many people don't like to save. B) annual consumption almost always exceeds annual savings. C) people can't seem to save more even though their incomes rise. D) future consumption looks more appealing than current consumption as our current incomes increase.