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The Master Budget Quiz 1 (24 MCQs)

Quiz Instructions:

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1. The first step in planning and control is
2. The following are elements attached to the budget, except _____
3. It is the process of planning andmanagement of the long-term investments ofthe company.
4. Comprehensive financial plan?
5. Budget usage is _____
6. These are the costs of personnel who are not directly involved with the transformation of the raw material into a finished product, but whose responsibilities are to support, supervise or direct.
7. Short-term goals _____
8. Which of the following budgets concerns the income-generating activities of the firm?
9. Visionary view to see what actions should be taken to realize certain goals is called
10. The budget mechanism that allows lower-level managers to participate in budgeting
11. Long-term goals _____
12. Jiggy Company plans to sell 33, 000 units during the month of May. The company plans to have 2, 500 units on hand at the end of the month. If 1, 200 units are on hand on May 1, how many units must be produced during May?
13. What are the elements that integrate a budget?
14. Budget showing the forecast of future entriesand cash outflows (money in cash) of a company, toa certain period of time.
15. What is the cash flow budget based on?
16. A budget that contains estimates related to the company's activities within a certain period (period) to come, is referred to as _____
17. The part of the master budget that contains information on expenses incurred for activities other than production activities is _____
18. The first step in the budgeting process is the preparation of the
19. A budget that describes the activities that generate revenue for the company
20. This is the cost of the personnel directly linked to production (salary), i.e. the personnel involved in the transformation of the material into the finished product, the employees who work directly with the product.
21. A budget that relates activity volume to the amount of rupiah budgeted is a type of budget _____
22. Financial budgeting refers to
23. Basically those who are authorized and responsible for the preparation of the budget and the implementation of budgeting activities are
24. It's a scheduled estimatesystematically from theoperating conditions and theresults to be obtained by aorganism in a perioddetermined.

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