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ACC 206 ACC206 Week 4 Power Point Quiz Chapter 6 with Answers

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ACC 206 Week 4 Power Point Quiz Chapter 6 Answers

Responsibility accounting is where units and their managers are held accountable for transactions and events under their direct influence and control. (Points : 1)

Question 2. 2. Flexible Budgeting allows budgets to be adjusted for any change in expenditures that would cause a manager to go over budget. (Points : 1)

Question 3. 3. Zero based budgeting requires a manger to justify each and every dollar requested for the budget every time a new budget is prepared. (Points : 1)

Question 4. 4. Budgets must begin with a cash flow budget to insure there will be enough cash coming in to pay for expenditures during the coming period. (Points : 1)

Question 5. 5. If the Cash Budget shows a cash inflow shortage the firm must go back and cut expenses so that the cash budget will balance. (Points : 1)

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