profile-image 1. Budgeting is an important part of a manager's planning and control responsibilities in both public and control responsibilities. True or False 2. The sole purpose of preparing a government budget is to show compliance with laws and regulations. True or False 3. Cash planning and budgeting are important in government because the timing of cash inflows often does not necessarily coincide with the timing of cash outflows. True or False 4. Government budgets must be voted upon by citizens for approval in an annual general election. True or False 5. When planning, budgeting, and performance measurement are related, good performance is rewarded, and consequences exist for substandard performance. True or False 6. Total quality management (TQM) seeks to continuously improve an organization's ability to meet or exceed customers' demands, and, such as, is useful in a government setting as well as a business setting. True or False 7. To determine which costs are allowable for charging to a federal assistance program, accountants and auditors refer to the GASB cost circular. True or False
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1. Budgeting is an important part of a manager's planning and control responsibilities in both public and control responsibilities. True or False
2. The sole purpose of preparing a government budget is to show compliance with laws and regulations. True or False
3. Cash planning and budgeting are important in government because the timing of
4. Government budgets must be voted upon by citizens for approval in an annual general election. True or False
5. When planning, budgeting, and performance measurement are related, good performance is rewarded, and consequences exist for substandard performance. True or False
6. Total quality management (TQM) seeks to continuously improve an organization's ability to meet or exceed customers' demands, and, such as, is useful in a government setting as well as a business setting. True or False
7. To determine which costs are allowable for charging to a federal assistance program, accountants and auditors refer to the GASB cost circular. True or False
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