Multiple Select QuestionSelect all that applyWhich of the following describe management's use of a master budget: (Check all that apply).Multiple select question.Helps to place blame on managers who do not meet budgetsHelps in planning and control activitiesHelps in determining bonuses to managers who meet budgetsHelps analyze differences between actual and budgeted results

Multiple Select QuestionSelect all that applyA flexible budget has which of the following characteristics?Multiple select question.Always based on one level of activityOften based on several levels of activityIs the same as the master budgetUseful to compare what-if scenariosUseful for evaluating past performance

Multiple Select QuestionSelect all that applyWhich of the following are budgets used by a service company:Multiple select question.CashCapital expendituresDirect materialsDirect laborSalesProduction

Multiple Select QuestionSelect all that applyCharacteristics of capital budgeting include: (Check all that apply.)Multiple select question.outcome is certainshort-term investmentsmall amount of money is involvedoutcome is uncertainlarge amount of money is involvedlong-term investment

Multiple Select QuestionSelect all that applyPotential negative outcomes of budgeting include: (Check all that apply.)Multiple select question.unnecessary spending.decreased communication.unethical behavior.budgetary slack.

Multiple Select QuestionSelect all that applyWhich of the following items would be included on the capital expenditures budget? (Check all that apply.)Multiple select question.Inventory purchasesInterest expenseSale of plant assetsPlant asset purchasesSales