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Challenge Game 5

Authored by laueemei@yahoo.com laueemei@yahoo.com

Business

Professional Development

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Challenge Game 5
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20 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which TWO of the following factors would motivate managers to achieve targets?

A top-down budgeting approach

A bottom-up budgeting approach

Setting ideal standards and targets

Incentive schemes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements about the participation of junior management in the budget setting process is NOT true?

It increases their commitment to budgets

It improves their morale and motivation

It speeds up the budget setting process

It incorporates their knowledge into budgets

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements about the top-down approach to budgeting are true?

(1) The approach is characterised by the participation of lower-level personnel

(2) It imposes budgets on junior managers

(3) Budgets will be more realistic than using a bottom-up approach

1 and 2

2 and 3

2 only

1 only

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following factors is LEAST likely to motivate managers to achieve higher levels of performance?

Shares in the company

Setting achievable targets higher than expected achievement

A top-down approach to budgeting

Offering only non-financial rewards

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which TWO of the following statements about management incentive schemes are true?

Rewards must be offered in cash

Rewards must have a monetary value

Rewards must depend on achieving targets

The main aim of a reward scheme is to motivate managers

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Budgeted sales of X for March are 18,000 units. At the end of the production process for X, 10% of production units are scrapped as defective.

Opening inventories of X for March are budgeted to be 15,000 units and closing inventories will be 11,400 units. All inventories of finished goods must have successfully passed the quality control check.

Calculate the budgeted production for X for March, in units?

12,960

14,400

15,840

16,000

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which TWO of the following could be seasonal variations in a time series using the multiplicative model?

+60

95%

-95%

105%

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