According to the Business in Action "Moving from Spreadsheets to Intranet

question 11

Multiple Choice

According to the Business in Action "Moving from Spreadsheets to Intranet Budgeting," which of the following is not an advantage of Intranet budgeting?

• A)Intranet budgeting minimizes or eliminates the uploading of Excel spreadsheets.
• B)Intranet budgeting saves input time.
• C)Intranet budgeting provides real-time reports.
• D)Intranet budgeting eliminates technology support.
• E)None of the answer choices is correct.

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Definitions:

Management By Exception

A management strategy where only significant deviations from planned results are addressed, focusing managerial attention on the most important issues.

Top Levels Of Management

The highest tier in an organization's management structure, typically including roles like CEO, CFO, and other senior executives responsible for strategic decisions.

Master Budget

A comprehensive financial plan that includes detailed financial statements, forecasts, and budgets, consolidating all aspects of an organization’s financial performance.

Flexible Budget

A flexible budget that adapts to variations in activity or volume levels, enhancing the precision of budgeting and analysis of differences.