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Q: The major objectives of any budget system are to Define responsibility centers, provide a framework…

A: Meaning of Budgeting System :- An effective budgeting system is vital to the success and survival of…

Q: Benefits of Budgeting include all of the following EXCEPT: A) Promotes analysis of results B)…

A: Budgeting is the process of creating a strong plan to spend the funds of the organization. budgets…

Q: Which one of the following best describes the role of top management in budgeting process? Top…

A: Role of top-level management in the budgeting process - - management must make that all the levels…

Q: A performance measurement tool that integrates an organization’s financial and non-financial…

A: Zero-based budgeting - This means making a budget from scratch. The company starts the budget with…

Q: Which of the following statements is false? Select one: a. According to responsibility accounting,…

A: The appropriate statements are chosen as per their accuracy and correctness.

Q: __ shows the total allocation in addition to helping the officer spend based on the budget when…

A: The controlling officer shall be in charge of maintaining expenditure vote and  vote book. Vote…

Q: Review his list and for each internal control strength indicate whether you “Agree” or “Disagree”…

A: Analysis: Internal controls are the system which is designed, implemented and maintained by an…

Q: a. Describe a budget development coordination and approval process. Response could include the…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: Which of the following is not a management report? A.Sales by product actual versus budget B.…

A: Financial statement means the statement including income statement , balance sheet , cash flow…

Q: The GIFMIS interfaces with a number of systems and sub-systems. A number of these systems and…

A: The abbreviation of GIFMIS is Government Integrated Financial Management Information System. It is…

Q: t is a document which defines the objectives of budgetary control system. It spells out the duties…

A: The above paragraph defines and explains a document which sets out the whole plan of the budgetary…

Q: The following are advantages of budgeting, except Allocates resources of the company Define goals…

A: Lets understand the meaning and advantage of budgets. Budget is a estimation of income and…

Q: It is important for institutions to budget and to further have feedback by receiving regular…

A: “Since you have asked multiple questions, we will solve the one question for you. If you want any…

Q: TION 4 Budgetary control system facilitates centralized control with: None of the above…

A: Budgetary control refers to the system which is formulated to monitor and control the costs in a way…

Q: resource constraint?

A: According to theory of constraints resources that is available in limited quantity need to be…

Q: Which of the following is true in a bottom-up budgeting approach?   Group of answer choices…

A: Bottom-Up Budgeting Approach : It is one type of budgeting which starts from Bottom Departmental…

Q: Another term used for performance audit is * a. Agency activity audit b. Value for money audit c.…

A: A performance audit s an independent assessment of an entity's operations to determine if specific…

Q: The best that describes the top management's role in budgeting process is that top managemen 1.…

A: The budget is prepared to estimate the requirements for the future period. The budget is prepared…

Q: Budgets in governmental organizations serve :as all of the following except .a Control mechanisms .b…

A: Budget is the quantitative expression of estimated future course of action. For example, Sales…

Q: III. Challenging budgets tend to motivate improved performance.

A: In the budget, the targeted performance of each employee is determined. These can be used as a…

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: ​_______ can be defined as compelling events to go according to plan.   A. Budgeting   B. Management…

A: Compelling events are events that forces to take some decision.

Q: Styles Edi 8. Which of the following is the best way to compensate for inadequate segregation of…

A: In this question, there are multiple questions but we solved only the 1st question as per…

Q: Which one of the following is related to the decision making function of management: O a.…

A: Management is required to take various decisions from time to time so as to perform the business…

Q: Which of the following statements relating to budgeting is NOT true? a) A budget is a formal…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: An external party receives information about past performance from   Question 7 options:   planning…

A: The external users who are interested in the past performance of the business, include creditors,…

Q: Which of the following budgeting processes is LEAST likely to motivate managers toward…

A: Budget Process: The budget process assists the management by determining standards for the…

Q: very important role of the cash budget is to     a. Determine how to finance dividend payments b.…

A: The cash budget is w budget prepared to know the cash receipts and payments into the organisation…

Q: Which one of the following is related to the decision making function of management: a. None of the…

A: The correct answer is option  b. Choosing among alternatives

Q: Which one of the following is related to the decision making function of management a. Performance…

A: Ans. Every organisation needs to make decisions among any two or more than two alternatives so to…

Q: Which of the following best describes the role of top management in the budgeting process? Should…

A: Correct option is 3.Should be enthusiastic and committed to the budget process

Q: (a) Contingency theory has frequently been used explain variations in the functioning of…

A: Management Control: Management control is a systematic process that aligns various resources such as…

Q: The GIFMIS interfaces with a number of systems and sub-systems. A number of these systems and…

A: Disclaimer: I am supposed to provide the solution of first three subparts. Please repost the…

Q: Please select the correct answer “Communication” a.is when a department is willing to prepare a…

A: Communication is the mutual exchange of information between the sender and receiver. Communication…

Q: Which of the following is NOT true of the budgeting process?   Question 8 options:   Budgeting…

A: Solution Concept Budgeting process is the process of estimating the income and expenditure of the…

Q: It is important for institutions to budget and to further have feedback by receiving regular…

A: Budget is referred to as an estimation of an expenses as well as revenue over the particular future…

Q: Which of the following is true in a bottom-up budgeting approach?   a.Supervisors tell departments…

A: Management adapts the current year's budget to suit future objectives, making changes as needed.…

Q: Which of the following is not a way an accounting system can generate motivation? Multiple Cholce…

A: The accounting system is a computerized and technological way of performing and executing…

Q: Management Accounting and Services: Quantitative Techniques Network Models 36. PERT and the critical…

A: Hi student Since the question area has multiple questions, so we are answering only first four…

Q: Which among the following techniques is/are part of controlling? a. All the options listed b.…

A: CORRECT ANSWER : a. All the options listed.