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Which budgets should be geared to promote

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Problem 1: In budgeting, sales/revenue is generally estimated by:

A. examining the existing and past history of sales/revenue.

B. considering the external market through competitor analysis.

C. a review of macroeconomic conditions.

D. a mixture of all of the above.

Problem 2: To achieve the best results for the organisation, budgets should be geared to promote:

A. competition amongst employees.

B. cooperation amongst employees.

C. friendship amongst employees.

D. rivalry amongst employees.

Problem 3: The cash cycle is concerned with:

A. debt leveraging.

B. cash collections and payments.

C. profitability.

D. returns on operations.

Reference no: EM132631472

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