An Unrealistic Budget Is More Likely to Result When It

question 8

Multiple Choice

An unrealistic budget is more likely to result when it

• A) has been developed in a top down fashion.
• B) has been developed in a bottom up fashion.
• C) has been developed by all levels of management.
• D) is developed with performance appraisal usages in mind.

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Definitions:

Closing Entry

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones, preparing the accounts for the next period.