12/5/24, 2:50 PM
Chapter 9-Theory True/False: Attempt review | NorQuest
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10.0 out of 10.0 (100%)
Question 1
Correct
Mark 1.0 out of 1.0
The master budget can be a liability if the senior managers try to achieve the financial results by bullying its
staff into achieving the financial goals of the company.
;
True 
'
False
The correct answer is 'True'.
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12/5/24, 2:50 PM
Chapter 9-Theory True/False: Attempt review | NorQuest
Question 2
Correct
Mark 1.0 out of 1.0
Many managers do not like to prepare budgets because the budget is seen as a means to force first line
managers to achieve the goals at any cost.
;
True 
'
False
The correct answer is 'True'.
Question 3
Correct
Mark 1.0 out of 1.0
Once the budget is set it should never be adjusted for external factors.
'
True
;
False 
The correct answer is 'False'.
Question 4
Correct
Mark 1.0 out of 1.0
The master budget should be primarily set by senior management.
'
True
;
False 
The correct answer is 'False'.
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12/5/24, 2:50 PM
Chapter 9-Theory True/False: Attempt review | NorQuest
Question 5
Correct
Mark 1.0 out of 1.0
Managers in fast changing environments should significantly downplay the role of the budget when planning
the activities of the firm.
'
True
;
False 
The correct answer is 'False'.
Question 6
Correct
Mark 1.0 out of 1.0
The budget is an excellent financial control mechanism in the short term for the firm to achieve its financial
results.
;
True 
'
False
The correct answer is 'True'.
Question 7
Correct
Mark 1.0 out of 1.0
The main budget that managment uses to coordinate all the activities of the firm is the sales budget.
;
True 
'
False
The correct answer is 'True'.
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12/5/24, 2:50 PM
Chapter 9-Theory True/False: Attempt review | NorQuest
Question 8
Correct
Mark 1.0 out of 1.0
The master budget is an excellent way to organize the coordinate the operating and financing requirements of
the firm in the comming year.
;
True 
'
False
The correct answer is 'True'.
Question 9
Correct
Mark 1.0 out of 1.0
The master budget does not always reflect the strategic goals of the firm.
'
True
;
False 
The correct answer is 'False'.
Question 10
Correct
Mark 1.0 out of 1.0
The budgeting results are an excellent means of evaluating the real effort of the managers of the firm.
'
True
;
False 
The correct answer is 'False'.
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Chapter 9-Theory True/False: Attempt review | NorQuest
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