All of the following are ways that managers use the master budget except:Multiple choice question.to place blame on managersto help in the planning processto help in controlling coststo help in sensitivity analysis

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

Fill in the Blank QuestionFill in the blank question.The first step in preparing the master budget is planning the budget.

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

Multiple Choice QuestionAll of the following are guidelines that should be followed for budgets to be a positive motivating force except:Multiple choice question.goals should be challenging but attainablebudgets should be prepared using a top-down approachevaluations offer opportunities to explain differences between actual and budgeted amountsemployees should help prepare the budget

It is best to set budget targets that are:Group of answer choicesalmost impossible to attain as that means that managers will try harder.easy to obtain.on the high side but fair.impossible to attain.