Select the Incorrect Statement Regarding the Human Factor in the Budgeting

question 56

Multiple Choice

Select the incorrect statement regarding the human factor in the budgeting process.

• A) Budgets force employees to follow the organization's plan.
• B) The evaluation feature of budget systems is frightening for many people.
• C) There is a tendency for people to be uncomfortable with budgets.
• D) Proper handling of human relations is essential to the establishment of an effective budget system.

Understand and compute direct materials price and quantity variances, and interpret them as favorable or unfavorable.

Prepare and understand journal entries for the issuance of direct materials into production.

Compute direct labor rate and efficiency variances, and interpret their implications.

Understand and apply the concept of budgeting in cost management; compute the difference between actual and budgeted performance.

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Definitions:

Series Of Statements

A sequence or set of remarks, facts, or allegations presented in a logical order.

Event Sampling

A research method where the researcher records all occurrences of a specific event within a set period.

Time Sampling

A form of observation in which behaviors are noted during a set duration of time.

Types Of Observation

Various methodologies for observing subjects in research, including direct, participant, non-participant, and structured observation.