26. Successful budget implementation depends on clear communication of T.F. perf

Question

26. Successful budget implementation depends on clear communication of T.F. performance expectations and budget targets, and on the support of top management. LF. Participative budgeting is a process in which personnel at all levels of an organization actively engage in making decisions about the budget. A retail organization's operating budgets typically include all of the following except: a. Sales budget b. production budget c. purchases budget d. selling and administrative expense budget e. cost of goods sold budget, In developing a master budget, the last item prepared is the: a. budgeted balance sheet b. budgeted income statement c. capital budget d. cash budget e. none of the above. 27· 28. 29.

Explanation / Answer

answer to 29 - D

Cash budget

Answer to 28-B

production Budget

Answer to 27-True because it involves participation of all the concerned personnel

Answer to 26-true

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