Revision of a completed and approved budget: Multiple Choice) Should be conducted whenever actual events differ significantly from those envisioned when the budget was prepared. Reduces employee commitment to achieve budgeted performance. May discourage diligence in its initial preparation. Should be discouraged Is never needed under Kaizen budgeting

Q: Briefly describe the type of human behavior problems that might arise if budget goals are set too…

A: Budget is a tool which is used in the planning and controlling process by estimating the revenue and…

Q: Georgia, Incorporated has collected the following data on one of its products. The direct materials…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: Match each definition with its related term by selecting the appropriate term in the dropdown…

A:

Q: With Zero-based budgeting, each expenditure item must be justified for the new budget period. a.…

A: Budgeting is a quantitative method of estimation of future income and expenditure for a particular…

Q: Which of the following statements about top down budgeting is true? Multiple Choice  It is an…

A: To phrase it another way, "top-down budgeting" is one sort of "budget allocation." It begins with a…

Q: These statements are proper to the budgeting process except A It is part of management's…

A: Budgeting is a crucial process in the management of any organization, whether it is a small business…

Q: Which of the following factors will most likely have a negative impact or

A: Functions of Budget: Planning: It facilitates planning for future activities. Controlling: Budgets…

Q: Which of the following statements about budgets is FALSE ?   Budgets help the company manage risks…

A: The objective of the question is to identify the false statement among the given options about…

Q: Briefly describe human behavior problems that might arise if budget goals are set too tightly. What…

A: Budgeting is an essential part of financial planning for businesses, and it involves setting goals…

Q: Which of the following should not be considered when determining the production budget for an…

A: Production Budget The production budget calculates the number of units of products that must be…

Q: The successful use o a budgeting system Acceptance and support by key management people. A sense of…

A: Accordingly, Option (d) i.e. inclusion of "budgetary slacks" in most budgets is the correct answer.

Q: indicate yes if it describes a potential benefit of budgeting orno if it describes a potential…

A: Budgeting is very important process in managing future financing affairs of a business enterprise.…

Q: The master budget process usually begins with the: Multiple Choice O production budget. operating…

A: Master Budget helps in forming overall financial planning of the Business Entity.It contains the…

Q: Revision of a completed and approved budget: Multiple Choice O O O Reduces employee commitment to…

A: A budget revision may be necessary due to changes in funding levels or to reallocate allocated cash…

Q: Budgets need to be fair and attainable for employees to consider the budget important in their…

A: The objective of the question is to identify which of the given situations can potentially lead to…

Q: Ethical Considerations. Budget projections always involve a degree of judgment because managers can…

A: Budget may be defined as the estimated statement prepared for the estimation of amount of revenues…

Q: Ma1. Which of the following statements is true?   A. Budget reports comparing actual results with…

A: Making a budget seems to be a critical component of your successful achievement and stability. It…

Q: what are the factors to be considered in developing and managing budgets?

A: Developing and managing budgets is a critical aspect of financial planning and control for…

Q: What is a concept of budgeting that requires all levels of management to start from zero and…

A: Business entities are required to prepare the budgets so as to examine their projected incomes and…

Q: Which of the following statements is true?  It is recommended when making a budget to incorporate a…

A: Budgets are essential to the financial management process and to achieving the objectives of an…

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.