1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
liubo4ka [24]
3 years ago
6

Which of the following is an example of the benchmarking function of the budgeting process? A budget demands integrated input fr

om different business units and functions.
Budgeting requires close cooperation between accountants and operational personnel.

Budget figures are used to evaluate the performance of managers.

The budget outlines a specific course of action for the coming period.
Business
1 answer:
Archy [21]3 years ago
7 0

Answer:

The benchmarking function of budgeting system involves the evaluation of performance of managers.

The correct answer is C

Explanation:

The integration of inputs from different business inputs and function is done at the planning stage of budgeting. It does not involve benchmarking.

Budgeting requires requires close cooperation between accountants and operational personnel. This is referred to as active participation in  budgeting. It helps to overcome behavioural challenges of budgeting.

Budget figures are used to evaluate the performance of managers. This is a benchmarking function of budgeting because it involves the comparison of performance of managers with established criteria so as to determine their level of success.                                          

The budget outlines a specific course of action for the coming year. This indicates that a budget is a financial plan that outlines future courses of action. This does not require benchmarking.

                                                                                                                                                                                                                                                                                                                                                               

You might be interested in
In home replication strategy, knowledge flow is multidirectional, while in transnational strategy, it is one-way.
iVinArrow [24]

In home replication strategy, knowledge flow is multi directional, while in transnational strategy, it is one-way. This statement is False.

The companies offer standardized products and exploit the parent companies knowledge through the world. Their key strategic capability basically is to transfer the home countries innovations worldwide.

An example can be taken from the German automotive industry, which uses a home replication strategy when entering new markets.

The businesses provide uniform products and make use of the parent firms' knowledge globally. Their primary strategic capability essentially consists of exporting domestic ideas to other countries.

The German auto sector, which employs a home replication strategy when entering new markets, serves as an illustration.

Hence, option B is correct.

To learn more about Strategy here

brainly.com/question/14286438

#SPJ4

5 0
1 year ago
What financial behaviors will typically lead to a low credit score?
AfilCa [17]
A.
Low credit scores usually indicate irresponsible spending behaviors.
5 0
3 years ago
Read 2 more answers
A partnership liquidation occurs when a.a new partner is admitted b.the ownership interest of one partner is sold to a new partn
Sloan [31]

Answer:

Correct answer is d, the assets are sold, liabilities paid and business operations terminated

Explanation:

The partnership liquidation occurs when the day-to-day operation is closed for good. Part of liquidation's process is to sold the partnership's assets and paid all creditors (outside and partners) and divide the excess to the partners based on the profit and loss ratio or if there is still existing obligation to the creditors, the partners will pay it using their personal assets (applicable to general partner only). This stage, the life of the partnership ceased to exist.

4 0
3 years ago
Genesis Scents has two divisions: the Cologne Division and the Bottle Division. The Bottle Division produces containers that can
vova2212 [387]

Answer: $4

Explanation:

The Bottle division is said to be able to meet all excess demand outside as well as that of the Cologne Division.

When this is the case in a company, individual divisions are allowed to transfer to each other at a rate equal to their Variable Costs. This is the general rule.

The Variable Costs for the containers is $4 so that is the transfer price as well.

6 0
2 years ago
Match the vocabulary word to the correct definition.
maria [59]
I’m just thinking it is c
8 0
3 years ago
Other questions:
  • What is the purpose of a design brief?
    15·1 answer
  • Gitano Products operates a job-order costing system and applies overhead cost tojobs on the basis of direct materialsused in pro
    15·1 answer
  • Select the correct answer.
    7·1 answer
  • Keyser Beverage Company reported the following items in the most recent year.
    13·1 answer
  • Tropical Tours reported revenue of $400,000 for its year ended December 31, Year2. Accounts receivable at December 31, Year1 and
    11·1 answer
  • Sheffield Corporation retires its $980000 face value bonds at 104 on January 1, following the payment of annual interest. The ca
    11·1 answer
  • Helena Company uses a standard cost system, and allocates variable overhead costs based on direct labor hours. This month, the f
    6·1 answer
  • There are several ways that central banks can increase or decrease the money supply. Match the descriptions below with the corre
    15·1 answer
  • In Waterway Company, Treasury Stock increased $20400 from a cash purchase, and Retained Earnings increased $80200 as a result of
    9·1 answer
  • rhodes borrowed $5,000 by signing a 5-year note with an interest rate of 8%. on the date the note is signed, rhodes should
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!