Author Question: The preparation of an operating budget is generally directed by the: a. payroll department. b. ... (Read 94 times)

javeds · **on:** Aug 21, 2018

The preparation of an operating budget is generally directed by the:
a. payroll department.
b. financial department.
c. budgeting team.
d. general manager.

Question 2

Which of the following is NOT true regarding variable budgets?
a. Variable budgets are designed to be flexible.
b. Variable budgets address the shortcomings of fixed budgets.
c. The expense portion of the operating budget is dependent on the revenue portion of that budget.
d. This type of budgeting is based on predictions rather than reactions.