Job Cost Accounting Systems

Topics: Management, Strategic management, Project management Pages: 4 (475 words) Published: April 13, 2015
Budgets direct managers to do which of the following? (Choose 2) Provide audit assistance
Plan ahead
Work independently
Assess past performance
Project revenue for the upcoming period

A business organization has to operate similar to the way a(n) operates, using resources to accomplish goals and tasks.

The process is a formal plan to carry on an undertaking for a specific period of time.  A good budgeting system forces managers to examine the business as they plan, allowing them to do which of the following? (Choose 2) Set a plan for resource allocation

Set specific expectations against which actual results can be compared Obtain a good compensation package
Get promoted for doing a good job
Complete the budgeting task on time

A good budgeting system forces managers to examine the business as they plan, allowing them to do which of the following? (Choose 2) Complete the budgeting task on time
Obtain a good compensation package
Detect inaccurate historical records
Set a plan for resource allocation
Communicate the organization's short-term goals to its members

A approach is when upper management sets specific goals and encourages, or dictates, that rank-and-file employees make those goals happen for the business. 

Which of the following are nonfinancial attributes of an organization? (Choose 2) Materials
Products
Equipment
Quality of service or product
Employees

Which of the following are nonfinancial attributes of an organization? (Choose 2) Quality of service or product
Products
Buildings
Time
Equipment

To gain the benefits of budgeting, __________ must understand and support the budget. (Choose 2) senior management
shareholders
the IRS
the bank that grants a loan to the company
financial staff

To gain the benefits of budgeting, __________ must understand and support the budget. (Choose 2) senior management
the IRS
middle management
the bank that grants a loan to the company
the...
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