MANAGEMENT - Questions
5 important questions on MANAGEMENT - Questions
The ____________ is a set of interrelated budgets that constitutes a plan of action for a specified time period.
- Sales Forecast
- Operating Budgets
- Master Budget
- Long-range planning
- Participative budgeting
- Financial budgets
______________ identifies long-term goals, selects strategies to achieve these goals, and develops policies and plans to implement the strategies.
- Sales Forecast
- Operating Budgets
- Master Budget
- Long-range planning
- Participative budgeting
- Financial budgets
Lower-level managers are more likely to perceive results as fair and achievable under a __________ approach.
- Sales Forecast
- Operating Budgets
- Master Budget
- Long-range planning
- Participative budgeting
- Financial budgets
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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______________ focus primarily on the cash resources needed to fund expected operations and planned capital expenditures.
- Sales Forecast
- Operating Budgets
- Master Budget
- Long-range planning
- Participative budgeting
- Financial budgets
- 1st Quarter 4,000 units
- 2nd Quarter 3,500 units
- 3rd Quarter 3,000 units
- 4th Quarter 5,000 units
Each unit requires two kilograms of material. The material cost is $1.50 per kilogram. Davies intends to have beginning inventory equal to 10% of the current quarter’s material needs. Budgeted direct material usage costs for the second quarter would be:
- $4,650
- $5,100
- $10,650
- $10,350
Production of 3,500 less opening inventory of 350 plus 300 ending inventory = 3,450 units.
3,450 units of production * (1.50 * 2kg) = $10,350
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
