Matching
Match each phrase that follows with the term (a-e) it describes.
Premises:
plans an important role for organizations in planning, directing, and controlling a company's future goals
occurs when employee self-interests are different from company goals
a plan that lists dollar amounts to be both spent on purchasing additional pant assets to carry out the budgeted business activities
shows expected results at only one activity level
integrated set of operating and financing budgets for a period of time
compares actual performance against budgeted goals
actions to achieve budgeted goals
shows expected results at several activity levels
estimates the number of units to be manufactured to meet sales and inventory levels
begins by estimating the quantity of sales
occurs when budgets are too loose
a plan showing the units of goods to be sold and the sales to be derived; usually the starting point in the budgeting process
an accounting report that presents predicted amounts of the company's assets, liabilities, and equity as of the end of the budget period
a plan that shows the expected cash inflows and outflows during the budget period, including receipts from loans needed to maintain a minimum cash balance and repayments of such loans
setting goals
a plan showing the number of units to be produced each month
Responses:
sales budget
budgeted balance sheet
directing
production budget
planning
goal conflict
capital expenditures budget
static budget
budget
cash budget
budget slack
flexible budget
master budget
controlling
Correct Answer:
Premises:
Responses:
plans an important role for organizations in planning, directing, and controlling a company's future goals
occurs when employee self-interests are different from company goals
a plan that lists dollar amounts to be both spent on purchasing additional pant assets to carry out the budgeted business activities
shows expected results at only one activity level
integrated set of operating and financing budgets for a period of time
compares actual performance against budgeted goals
actions to achieve budgeted goals
shows expected results at several activity levels
estimates the number of units to be manufactured to meet sales and inventory levels
begins by estimating the quantity of sales
occurs when budgets are too loose
a plan showing the units of goods to be sold and the sales to be derived; usually the starting point in the budgeting process
an accounting report that presents predicted amounts of the company's assets, liabilities, and equity as of the end of the budget period
a plan that shows the expected cash inflows and outflows during the budget period, including receipts from loans needed to maintain a minimum cash balance and repayments of such loans
setting goals
a plan showing the number of units to be produced each month
Premises:
plans an important role for organizations in planning, directing, and controlling a company's future goals
occurs when employee self-interests are different from company goals
a plan that lists dollar amounts to be both spent on purchasing additional pant assets to carry out the budgeted business activities
shows expected results at only one activity level
integrated set of operating and financing budgets for a period of time
compares actual performance against budgeted goals
actions to achieve budgeted goals
shows expected results at several activity levels
estimates the number of units to be manufactured to meet sales and inventory levels
begins by estimating the quantity of sales
occurs when budgets are too loose
a plan showing the units of goods to be sold and the sales to be derived; usually the starting point in the budgeting process
an accounting report that presents predicted amounts of the company's assets, liabilities, and equity as of the end of the budget period
a plan that shows the expected cash inflows and outflows during the budget period, including receipts from loans needed to maintain a minimum cash balance and repayments of such loans
setting goals
a plan showing the number of units to be produced each month
Responses:
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