Which TWO of the following describe budgetary slack?
underestimate cost
underestimate revenue
overestimate cost
overestimate revenue
Which one of the following in NOT a master budget?
sales budget
budgeted income statement
budgeted statement of financial position
cash budget
Which one of the following focuses on classifying costs based on activities rather than based on departments or products?
incremental budgeting
zero-based budgeting
activity-based budgeting
rolling budgeting
Which one of the following is NOT a step of ZBB?
identifying the activities and prepare decision package for each activity
collecting information of each acitivty
ranking the activities by their benefits to organisation
allocating resources to the activities according to their rank
It encourages a bottom up approach to budgeting in order for ZBB to be used in practice.
Beyond budgeting can effectively allocate the resources to each departments throughput the year.
Which TWO of the following can help to analyse the uncertainty in budgeting?
rolling budget
flexible budget
sensitivity analysis
fixed budget
The coefficient of determination r² is 0.04, what can the value/values of r be?
0.2 or -0.2
0.02 only
0.02 or -0.02
0.2 only
Both high-low method and least square method are assume a line relationship between variables.
Which TWO of the following describe budgetary slack?
underestimate cost
underestimate revenue
overestimate cost
overestimate revenue