Which of the following statements regarding the participative style of budgeting is not true? A. The targets and budgets are prepared after negotiations between senior management and department managers. B. Department managers do not have ownership of the targets and budgets. C. Provides department managers with an opportunity to create some 'room to move'. D. Often results in targets that are easier to achieve.

The most likely flaw in the participative style of budgeting is that:Group of answer choicesthere are no flaws in the participative style of budgeting.targets will be set too high.targets will be set too low.targets will not be set.

Which of the following statements about budgets is NOT true? A. Budgets help coordinate activity throughout the entity. B. Budgets help individuals throughout the entity to see how their efforts contribute toward the entity's strategic objectives. C. Budgets operationalise the strategic plan. D. Budgets usually span the entire strategic planning period

Which of the following statements regarding the authoritarian style of budgeting is true?Group of answer choicesBudget targets set under the authoritarian style of budgeting may be too high.Unit managers set the targets and the budgets for the senior manager.All of the statements are true.Unit managers determine the budget targets set.

Identify which of the following is NOT a good way for managers to use a budget.Managers can use budgets alone to estimate how well they perform over a period of timeManagers can consider how conditions might change and what steps they would takeManagers can examine relationships between their own operation and those of other departmentsMangers can set a target for themselves to achieve

Which of the following statement is incorrect?Select one:a. Budgets help managers tailor their operations to meet their financial goals.b. Budgeting is a numerical tool that help managers reach the financial goals in their business plans.c. A budget is a useful planning tool for businesses only.d. Budgeting is a financial plan for a defined period, often one year