Which of the followings forms of budgeting is preferred in sport as it begins with afloor of expenses while also using cost behavior and cost identification techniques?1) Incremental budgeting2) Program planning budgeting systems3) Zero based budgeting4) Modified zero based budgeting

Zero-based budgeting is preferred in sports because it starts from a "zero base" where all expenses…

Answered: Which of the followings forms of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 16MC: Which of the following includes only financial budgets? capital asset budget, budgeted income...

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Which approach requires management to justify all its expenditures? A. bottom-up approach B. zero-based budgeting C. master budgeting D. capital allocation budgeting
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Which budget type is defined as a budget process that emphasizes the achievement of goals and competition? Target-based budgeting Program budgeting Incremental budgeting Performance budgeting
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Each of the following statements includes a pair of words within parenthesis. Indicate which of the words should be chosen to make the statement true. The first statement is done as an example. A ( loan application / budget ) is a detailed financial plan that quantifies future expectations and actions relative to acquiring and using resources. Budgets ( should / should not ) be used to provide managers with "preapproval" for execution of spending plans. The (master budget / sales budget ) is a comprehensive document specifying sales targets, production activities, and financing actions. "Responsibility accounting" is a concept under which managers are held accountable for transactions and events ( beyond / under ) their direct influence and control. Some entities will follow a top-down( mandated / participative ) approach to budgeting. A deliberate effort to create "breathing room" within a budget is known as ("padding the budget" / "aerating" ). With ( incremental budgeting /…
What are some characteristics of performance-based budgeting? What are some advantages and disadvantages of performance-based budgeting? How does the organization you selected incorporate performance-based budgeting? If the organization you selected does not incorporate performance-based budgeting, how does the organization reflect or incorporate program outcomes to the budget? When responding to classmates, compare the organization you chose to theirs. Is one organization more successful at describing their strategic plan and aligning their budget to reflect outcomes? Why or why not?
A budget is a financial plan for future activities that help management decide which activities it will undertake and how the company's resources will be used. Meaning of budget? Meaning and the sample budget for the following budgets: sales budget, production budget, material budget, cash budget and flexible budget by providing sample budgets for the same?

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Which of the followings forms of budgeting is preferred in sport as it begins with a floor of expenses while also using cost behavior and cost identification techniques? 1) Incremental budgeting 2) Program planning budgeting systems 3) Zero based budgeting 4) Modified zero based budgeting