What is budgetary control? a. Another name for a flexible budget b. The degree to which the CFO controls the budget c. The use of budgets in controlling operations d. The process of providing information on budget differences to lower level managers b. the comparison of actual results with planned objectives. a. the preparation of long-term plans.
d. means that top management's review of a budget report is focused primarily on differences between actual results and planned objectives. a. a given manager within a given period of time. a. a given manager within a given period of time.
A purchases budget is used instead of a production budget by a. merchandising companies. b. service enterprises. c. not-for-profit organizations. d. manufacturing companies.
The use of budgets in controlling operations d. The process of providing information on budget differences to lower level managers b. the comparison of actual results with planned objectives. a. the preparation of long-term plans. b. the comparison of actual results with planned objectives. c. the valuation of inventories.