Financial and Managerial Accounting: Budgeting, Forecasting, and CapitalInvestment Analysis1.(TCO 1) Which one of the following is not a benefit of budgeting?(Points : 5)It facilitates the coordination of activities.Itprovides definite objectives for evaluating performance.It provides assurance that the company will achieve its objectives.It provides early warning signs of potential threats.Question 2.2.(TCO 2) “Groupthink” is a primary disadvantage of which qualitative forecastingmethod?(Points : 5)Executive opinionsSales force pollingDelphi methodConsumer surveysQuestion 3.3.(TCO 3) Which of the following statements regarding the t-statistic istrue?(Points: 5)The t-statistic cannot be negative.The t-statistic measures how many standard errors the coefficient is awayfrom the independent variable.The higher the t-value, the more confidence we have in the coefficient.Low t-values indicate high reliability.Question 4.4.(TCO 4) Marketing expenses typically increase in proportion to_____.(Points : 5)number of customer orders.advertising dollars.sales dollars.salespersons’ salaries.Question 5.5.(TCO 5) Which of the following is true when ranking proposals using zero-basebudgeting?(Points : 5)Nonfunded packages should not be ranked.Preview Mode
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