151. A static budget is one developed for a single level of activity.
a. True
b. False
152. Static budgets show costs for varying levels of activities.
a. True
b. False
153. A flexible budget is sometimes referred to as a variable budget.
a. True
b. False
154. A flexible budget compares actual costs to budgeted costs.
a. True
b. False
155. Activity-based budgeting recognizes interdependencies among departments.
a. True
b. False
156. The activity-based budget begins with output and then determines the resources necessary to create that output.
a. True
b. False
157. An ideal budgeting system is one that achieves goals and encourages managers to achieve goals ethically.
a. True
b. False
158. Feedback is not important to managers as a measuring tool of their performance.
a. True
b. False
159. Incentives are the means used to encourage managers to achieve goals.
a. True
b. False
160.Participative budgeting detracts from a manager’s sense of responsibility and creativity.
a. True
b. False
a. True
b. False
152. Static budgets show costs for varying levels of activities.
a. True
b. False
153. A flexible budget is sometimes referred to as a variable budget.
a. True
b. False
154. A flexible budget compares actual costs to budgeted costs.
a. True
b. False
155. Activity-based budgeting recognizes interdependencies among departments.
a. True
b. False
156. The activity-based budget begins with output and then determines the resources necessary to create that output.
a. True
b. False
157. An ideal budgeting system is one that achieves goals and encourages managers to achieve goals ethically.
a. True
b. False
158. Feedback is not important to managers as a measuring tool of their performance.
a. True
b. False
159. Incentives are the means used to encourage managers to achieve goals.
a. True
b. False
160.Participative budgeting detracts from a manager’s sense of responsibility and creativity.
a. True
b. False
