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ACC/561 ACC 561 Week 5 WileyPLUS Practice Quiz

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;;Description / Instructions: Complete the Week 5 WileyPLUS Practice Quiz.;Question 1;Why are budgets useful in the planning process?;They enable the budget committee to earn their paycheck.;They provide management with information about the company's past performance.;They help communicate goals and provide a basis for evaluation.;They guarantee the company will be profitable if it meets its objectives.;Question 2;A common starting point in the budgeting process is;past performance.;a clean slate, with no expectations.;expected future net income.;to motivate the sales force.;Question 3;Which of the following statements about budget acceptance in an organization is true?;The most widely accepted budget by the organization is the one prepared by top management.;The most widely accepted budget by the organization is the one prepared by the department heads.;Budgets are hardly ever accepted by anyone except top management.;Budgets have a greater chance of acceptance if all levels of management have provided input into the budgeting process.

 

Paper#81544 | Written in 18-Jul-2015

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