Various Budgets Can Be Produced for Planning and Evaluating Performance

question 61

Multiple Choice

Various budgets can be produced for planning and evaluating performance within an organization.The operating budget

• A)compares estimated cash flows from operations with planned expenditures.
• B)shows cash inflows and outflows for each project.
• C)depicts planned revenues and expenditures for each organizational unit.
• D)is used for the purchase and retirement of property,plant,and equipment.