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Which of the following are purposes of a budget?(i) Establishing strategic options(ii)Motivating management(iii) Establishing long term objectives(iv) Planning operations

A. (i) and (iii) only
B. (i) and (iv) only
C. (ii) and (iv) only
D. (ii), (iii) and (iv) only

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Which one of the following steps of the planning and control cycle is part of the control process?

A. Choose alternative courses of action
B. Measure actual results and compare with the plan
C. Evaluate each strategy
D. Identify objectives

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Which one of the following tasks would usually be carried out first in the budgetary planning process?

A. Establish the organisation's long term objectives
B. Calculate the predetermined overhead absorption rate
C. Establish the level of sales demand
D. Identify the principal budget factor

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The following statements relate to aspects of budget administration:Statement (1). An important task of a budget committee is to ensure that budgets are properly coordinated Statement (2): A budget manual is the document produced at the end of the budget setting process Which of the following is true?

A. Only statement (1) is correct
B. Only statement (2) is correct
C. Both of them are correct
D. Neither of them is correct

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Which one of the following would probably not be contained in a budget manual?

A. The sequence in which budgets are to be prepared
B. Specimen reports
C. A list of individuals holding budget responsibilities
D. The production cost budget

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Which of the following are purposes of a budget?(i) Establishing strategic options(ii)Motivating management(iii) Establishing long term objectives(iv) Planning operations

A. (i) and (iii) only B. (i) and (iv) only C. (ii) and (iv) only D. (ii), (iii) and (iv) only

Which one of the following steps of the planning and control cycle is part of the control process?

Which one of the following tasks would usually be carried out first in the budgetary planning process?

Which one of the following would probably not be contained in a budget manual?

A. (i) and (iii) only
B. (i) and (iv) only
C. (ii) and (iv) only
D. (ii), (iii) and (iv) only