Which of the following is TRUE of a successful budgeting process? Top management

Question

Which of the following is TRUE of a successful budgeting process? Top management shows little interest in the results of the budget process. Only accounting personnel should be involved. Performance measures should be identified before the organization's strategies and goals are established. Before annual operating budgets can be developed, top management must communicate the organization's long term-goals to those who prepare the budgets. All of the above are true. To improve the quality of budgets, the managers who prepare them need not *now why the budgets are being prepared. who will use them where accurate budget information can be found. how the information should be presented. all of the above. In developing a master budget, the last item prepared is the budget balance sheet. budgeted income statement. capital expenditure budget. cash budget. none of the above.

Explanation / Answer

4. E2 reaction is one step reaction in which both alkyl halide and base participate in the rate determining step.

Hence, the rate law expression is B) Rate = k[alkyl halide][base]. Thus the rate of the reaction depends on the concentration of alkyl halide and the concentration of base.

5. IV. Tert butoxide carbanion is most likely to act as a base rather than a nucleophile. This is because, it is sterically bulky. Hence, it can easily abstract small sized proton but it can not attack as a nucleophile.

6. The major elimination product is compound II. (2-methyl pent-2-ene). It is more substituted (trisubstituted) alkene and is more stable.

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