Which of the following statements relating to a budget is not true?
A) It is a detailed plan.
B) It is a management tool.
C) It provides many of the performance targets used in responsibility accounting.
D) It is prepared on an historical basis.
Correct Answer:
Verified
Q7: The term used when the personal and
Q8: Which of these is not a financial
Q9: The behavioural aspect of budgeting is:
A) irrelevant.
B)
Q10: Budgeting for a retailer requires a purchases
Q11: Which statement concerning responsibility accounting is untrue?
A)
Q13: Which statement is untrue?
A) A properly prepared
Q14: The first and last steps respectively in
Q15: How many of these are the
Q16: Who should participate in the budgeting process?
A)
Q17: The primary purpose of a budget is:
A)
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