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One function of budgets is [blank_start]planning annual operations[blank_end]
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Another function of budgets is [blank_start]coordinating[blank_end] the [blank_start]activities[blank_end] of the various parts of the [blank_start]organisation[blank_end] & ensuring that the parts are in [blank_start]harmony[blank_end] with each other
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coordinating
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activities
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organisation
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harmony
Frage 3
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Third function of budgets is [blank_start]communicating plans[blank_end] to the various [blank_start]responsibility centre managers[blank_end]
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Fourth function of budgets is [blank_start]motivating managers[blank_end] to strive to [blank_start]achieve[blank_end] the [blank_start]organisational goals[blank_end]
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motivating managers
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achieve
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organisational goals
Frage 5
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Fifth function of budgets is [blank_start]controlling activities[blank_end]
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Sixth function of budgets is [blank_start]evaluating[blank_end] the [blank_start]performance[blank_end] of [blank_start]managers[blank_end]
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evaluating
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performance
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managers
Frage 7
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First stage of budgeting process is [blank_start]communicating details[blank_end] of budget policy & [blank_start]guidelines[blank_end] to those people [blank_start]responsible[blank_end] for [blank_start]preparation[blank_end] of budgets
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communicating details
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guidelines
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responsible
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preparation
Frage 8
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Second stage of budgeting process is [blank_start]determining factor[blank_end] that [blank_start]restricts output[blank_end]
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determining factor
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restricts output
Frage 9
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Third stage of budgeting process is [blank_start]preparation[blank_end] of [blank_start]sales budget[blank_end]
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Fourth stage of budgeting process is [blank_start]initial preparation[blank_end] of [blank_start]various budgets[blank_end]
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initial preparation
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various budgets
Frage 11
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Fifth stage of budgeting process is [blank_start]negotiation[blank_end] of [blank_start]budgets[blank_end] with [blank_start]superiors[blank_end]
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negotiation
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budgets
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superiors
Frage 12
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Sixth stage of budgeting process is [blank_start]coordination[blank_end] & [blank_start]review[blank_end] of [blank_start]budgets[blank_end]
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coordination
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review
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budgets
Frage 13
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Seventh stage of budgeting process is [blank_start]final acceptance[blank_end] of [blank_start]budgets[blank_end]
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Last stage of budgeting process is [blank_start]ongoing review[blank_end] of [blank_start]budgets[blank_end]
Frage 15
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Top down budgeting process- Budgeting process in which [blank_start]objectives[blank_end] are imposed by [blank_start]top managers[blank_end]. [blank_start]Functional managers[blank_end] receive these [blank_start]objectives[blank_end]
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objectives
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top managers
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Functional managers
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objectives
Frage 16
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Bottom up budgeting process- Budgeting process in which [blank_start]functional managers[blank_end] propose [blank_start]budget[blank_end] & this is [blank_start]accepted[blank_end] by [blank_start]top managers[blank_end]. This is [blank_start]participative[blank_end] approach
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functional managers
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budget
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accepted
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top managers
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participative
Frage 17
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Negotiated (parallel) budgeting process- Budgeting process in which there is [blank_start]mixture[blank_end] of [blank_start]top down[blank_end] & [blank_start]bottom up[blank_end] approach
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mixture
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top down
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bottom up