Testování: Test/quiz: Corporate planning I

1/10
Do corporate goals need to be specific?

1 or more correct answers are possible; however, select only one answer.
Maximum possible % gain: 10%

yes no

2/10
What is the name for quantified prediction of results that are expected to be achieved by the entity in the future?

1 or more correct answers are possible; however, select only one answer.
Maximum possible % gain: 10%

forecast budget corporate goal mission

3/10
What is the name for budget that changes with the changed sales volume?

1 or more correct answers are possible; however, select only one answer.
Maximum possible % gain: 10%

static rolling incremental flexible

4/10
What is rolling forecast?

1 or more correct answers are possible; however, select only one answer.
Maximum possible % gain: 10%

budget prepared by updating last years budgets budget that is regularly updated for changes resulting from different volumes sold budget set for several years to the future and the years follow each other budget that is "shifted" for the passed month after the closing

5/10
What is the name for budget for which detailed information is first collected from various departments, then consolidated into master budget that is then passed for management approval?

1 or more correct answers are possible; however, select only one answer.
Maximum possible % gain: 10%

bottom-up budget incremental flexible rolling

6/10
Which budget must be prepared first?

1 or more correct answers are possible; however, select only one answer.
Maximum possible % gain: 10%

always sales budget always capital expenditure budget it depends what is the principal budget (limiting) factor the sequence of budgets is not important

7/10
Actual revenues differ from planned revenues. What is the formula for calculation what part of the variance is driven by changes in sales price (i.e. price variance)?

1 or more correct answers are possible; however, select only one answer.
Maximum possible % gain: 10%

(actual unit price – budgeted unit price) x planned quantity (actual unit price – budgeted unit price) x actual quantity actual unit price – budgeted unit price (actual unit price – budgeted unit price) x (actual quantity - budgeted quantity)

8/10
What is the name of time series component that repeat at defined short intervals (hours, days, weeks, months etc.) usually within a year?

1 or more correct answers are possible; however, select only one answer.
Maximum possible % gain: 10%

trend season cycle random element

9/10
Profit center is responsibility center, for which are specifically collected and analyzed

1 or more correct answers are possible; however, select only one answer.
Maximum possible % gain: 10%

ony incomes ony expenses ony incomes and expenses incomes, expenses and investments

10/10 Select the correct answers from the list.

Select the correct answers from the list.
Maximum possible % gain: 10%

Assign the standard type used during standard costing:

assumes that all possible favorable conditions and no unfavorable will happen
is set to be realistic and challenging at the same time with a reasonable allowance for losses, inefficiency and idle time
is based on existing working conditions
is based on the working conditions over long period of time and reflects trend and does not change much over time

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Standard test/quiz no. 386: Testování: Test/quiz: Corporate planning I

1/10 Do corporate goals need to be specific?

2/10 What is the name for quantified prediction of results that are expected to be achieved by the entity in the future?

3/10 What is the name for budget that changes with the changed sales volume?

4/10 What is rolling forecast?

5/10 What is the name for budget for which detailed information is first collected from various departments, then consolidated into master budget that is then passed for management approval?

6/10 Which budget must be prepared first?

7/10 Actual revenues differ from planned revenues. What is the formula for calculation what part of the variance is driven by changes in sales price (i.e. price variance)?

8/10 What is the name of time series component that repeat at defined short intervals (hours, days, weeks, months etc.) usually within a year?

9/10 Profit center is responsibility center, for which are specifically collected and analyzed

10/10 Select the correct answers from the list.

1/10
Do corporate goals need to be specific?

2/10
What is the name for quantified prediction of results that are expected to be achieved by the entity in the future?

3/10
What is the name for budget that changes with the changed sales volume?

4/10
What is rolling forecast?

5/10
What is the name for budget for which detailed information is first collected from various departments, then consolidated into master budget that is then passed for management approval?

6/10
Which budget must be prepared first?

7/10
Actual revenues differ from planned revenues. What is the formula for calculation what part of the variance is driven by changes in sales price (i.e. price variance)?

8/10
What is the name of time series component that repeat at defined short intervals (hours, days, weeks, months etc.) usually within a year?

9/10
Profit center is responsibility center, for which are specifically collected and analyzed