This problem has been solved!
You’ll get a detailed solution from a subject matter expert that helps you learn core concepts.
See AnswerSee AnswerSee Answer done loadingShow transcribed image textExpert Answer Who are the experts?Experts are tested by Chegg as specialists in their subject area. We review their content and use your feedback to keep the quality high.
1) option (a) participative approach 2) option (a) top down approach 3) option (a) a…View the full answerTranscribed image text: D Question 1 2 pts The budgeting process that most likely would lead to employees supporting the budget results is: participative approach. top-down approach zero based approach. proportionate increase approach Question 2 2 pts A budgeting approach that implies little or no input from lower levels of management is known as the: top-down approach zero based approach proportionate increase approach participative approach Question 3 D Question 3 2 pts Budget slack is: all of these. sometimes called padding or cushion. employees submitting budget estimates that are higher than what the costs are really expected to be. generally considered to be unethical Question 4 2 pts Zero-based budgeting forces managers to: justify all of their expenditures for each budget period before approved for any funding. accept a zero percent increase in the prior year allowable expense Do without any funding for the period none of these 2 pts D Question 5 A budget that may be prepared for multiple quarters in the future, adding a new quarter once one ends is called a rolling budget zero-based budget discretionary budget single-period budget D Question 6 2 pts The key data element on which the entire budget is based is the: sales/revenue forecast income statement budget. ΟΟΟΟ cash budget balance sheet forecast 2 pts Question 7 Which of the following lists the components of the master budget in correct chronological order? sales budget, production budget, cash budget. direct labor budget, production budget, cost of goods sold budget. sales budget, raw materials budget, production budget. cash budget, production budget, manufacturing overhead budget 2 pts D Question 8 The raw materials budgeted to be purchased for the period is equal to: raw material used + desired ending inventory – beginning Inventory desired ending inventory + desired beginning inventory – raw material used. beginning inventory – desired ending inventory + raw material used, beginning inventory + raw material used + desired ending inventory Question 9 2 pts The production budget uses all of the following except: the cash receipts budget the sales forecast the inventory policy the beginning inventory quantity, Question 10 2 pts A materials purchases budget must be completed immediately after the preparation of the: production budget direct labor budget. operating expense budget. C cash budget