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0 Exakte Antworten 0 Text Antworten 10 Multiple Choice Antworten
Fenster schliessen

Management by exception is:

a. a management tool to save time and effort

b. a technique that focuses on unplanned results

c. made possible by establishing benchmarks

d. All of the options given

Fenster schliessen

A variable selling expense is:

 

a. All of the options given

b. an expense that never changes

c. an expense that is directly proportional to sales

d. an expense that is indirectly proportional to sales

Fenster schliessen

If cash is collectd at the sale:

a. the operating cycle will be shorter than if sold on credit

b. the account receivable will be increased as a result of the sale

c. the account payable will be decreased as a result of the sale

d. the operating cycle will be longer than if sold on credit

Fenster schliessen

The master budget for a service business:

 

a. excludes the projected financial statements

b. excludes the cash budget

c. excludes a purchases budget

d. excludes a sales budget

Fenster schliessen

Budgeting is:

a. a management accountability process

b. a tax compliance process

c. a decision making process

d. a share holder accountability process

Fenster schliessen

When a business sells land, buildings or equipment, it is reported in the ________ section of the statement of cash flows

a. operating

b. financing

c. expense Account

d. investing

Fenster schliessen

An operating cycle is:

a. The average time before a business must reorder inventory

b. An entire year

c. The time it takes for a business to realize a profit

d. The average time it takes for a business to buy inventory, sell it to customers and to collect cash from customers

Fenster schliessen

Which of the following is an interrelated report associated with a master budget?

a. Activities associated with the operating cycle

b. Expected financial results

c. General and administrative expenses budget

d. Goals to be met