Answer:
Participative budgeting involves participation of many levels of management, and is used by most companies.
In participative budget all those impacted are involved in the budgeting process.
Zero based budgeting is all together a different type of budgeting where all expenses must be justified for each new period and this starts from a "zero base," It is no way linked to all the levels of management.
Departmental Budget is restricted to a particular department of the organisation.
Which type of budgeting involves the participation of many levels of management? A. Zero-based budgeting B....
Does the participation of several levels of management in the budgeting process help or hinder the budgeting process? Does it depend on the organization's structure?
Which of the following is not reflective of zero based budgeting? a. budget is a 2% increase over last year's budget b. justify all proposed spending c. helps avoid budget "fat" d. budget starts with zero presumed need 2. A flexible budget is designed to accommodate changes in: a. strategy b. workload c. department manager d. mission
most companies use____when the lower level manager develops
budge
when the lower level management develops budgets each year. 2. Most companies use_ A) a top-down approach B) zero-based budgets C) slack-based budgets D) participative budgeting
The traditional approach to inventory management generally involves A minimizing item cost. B maintaining inventory levels so that production can continue even if inventory use is greater than expected. C high stockout costs. D receiving goods or services just prior to the time they are needed.
Listed next are several terms. Complete the following statements with one of these terms. You may use a term more than once, and some terms may not be used at all. Master budget Participative budgeting Operating budgets Production budget Zero-based budgeting Strategic planning Financial budgets Slack Budget committees Rolling budget Safety stock Variance a. ▼ Budget committee Financial budgets Master budget Operating budgets Participative budgeting Production budget Rolling budget Safety stock Slack Strategic planning Variance Zero-based budgeting is a budget...
Describe the following terms: a. Types of Budgets including Zero based budgeting b. Cash flows. c. Profit and loss statements d. Balance Sheet
Q16-1: Zero based budgeting is a technique where a department: Question options: .the difference between budget and actual results will be zero .prepares a budget after taking into account current expenditure and an allowance for the next period’s expenditure .is required to make a case for its budget as if its activities were new .prepares budgets on the basis of no increase in unit costs from the previous period.
Which of the following statements is (are) true? A. Sport participation builds character. B. Sport participation builds leadership skills. C. The benefits of sport participation depend on the quality of the adult leadership. D. a and b
8. Which of the following is not a benefit of budgeting? A. does uncover potential bottlenecks before they occur B. does not coordinate the activities of the entire organization by integrating the plans and objectives of the various parts C. provides benchmarks for evaluating subsequent performance D. all of these E. none of these 9. The concept of budgeting means that: A. Budgetary variances should not be reviewed/analyzed by the top level of management B. Budgetary variances should be reviewed/analyzed...
Which type of communication involves proxemics, cultural variations, and kinesics? A. Metacommunication B. Verbal Communication C. Nonverbal Communications D. Therapeutic Communication