Homework answers / question archive / Question 1 2 / 2 pts Which of the following is not a part of budgeting?   finding bottlenecks     providing performance evaluations     preventing net operating losses     planning     Question 2 2 / 2 pts Which of the following is an operating budget?   production budget     tax budget     capital budget     cash budget     Question 3 2 / 2 pts Which of the following is a finance budget?    production budget     tax budget     cash budget     direct materials purchasing budget     Question 4 0 / 2 pts Which approach is most likely to result in employee buy-in to the budget?    top-down approach    basing the budget on the prior year     bottom-up approach     total participation approach     Question 5 2 / 2 pts The most common budget is prepared for a ________

Question 1 2 / 2 pts Which of the following is not a part of budgeting?   finding bottlenecks     providing performance evaluations     preventing net operating losses     planning     Question 2 2 / 2 pts Which of the following is an operating budget?   production budget     tax budget     capital budget     cash budget     Question 3 2 / 2 pts Which of the following is a finance budget?    production budget     tax budget     cash budget     direct materials purchasing budget     Question 4 0 / 2 pts Which approach is most likely to result in employee buy-in to the budget?    top-down approach    basing the budget on the prior year     bottom-up approach     total participation approach     Question 5 2 / 2 pts The most common budget is prepared for a ________

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Question 1

2 / 2 pts

Which of the following is not a part of budgeting?

 

finding bottlenecks

   

providing performance evaluations

   

preventing net operating losses

   

planning

 

 

Question 2

2 / 2 pts

Which of the following is an operating budget?

 

production budget

   

tax budget

   

capital budget

   

cash budget

 

 

Question 3

2 / 2 pts

Which of the following is a finance budget?

  

production budget

   

tax budget

   

cash budget

   

direct materials purchasing budget

 

 

Question 4

0 / 2 pts

Which approach is most likely to result in employee buy-in to the budget?

  

top-down approach

  

basing the budget on the prior year

   

bottom-up approach

   

total participation approach

 

 

Question 5

2 / 2 pts

The most common budget is prepared for a ________.

  

year

   

week

   

quarter

   

month

 

 

Question 6

2 / 2 pts

Which of the operating budgets is prepared first?

  

cash payments budget

  

production budget

   

sales budget

   

cash received budget

 

 

Question 7

2 / 2 pts

Which of the following is not an operating budget?

  

cash budget

   

sales budget

   

direct labor budget

   

production budget

 

 

Question 8

2 / 2 pts

The direct materials budget is prepared using which budget’s information?

  

cash payments budget

   

production budget

   

raw materials budget

   

cash receipts budget

 

 

Question 9

2 / 2 pts

The cash budget is part of which category of budgets?

  

sales budget

   

finance budget

   

operating budget

   

cash payments budget

 

 

Question 10

2 / 2 pts

Which of the following statements is not correct?

  

The sales budget is typically the first budget prepared.

   

The direct materials budget begins with the sales estimated for each period.

   

The sales budget is computed by multiplying estimated sales by the sales price.

   

The production budget begins with the sales estimated for each period.