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1. Budgets provide a benchmark to compare against actual results. (Points : 1) True False Question 2. 2. Budgets and responsibility accounting have little or no correlation. (Points : 1

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1. Budgets provide a benchmark to compare against actual results. (Points : 1)        True 
       False 

Question 2. 2. Budgets and responsibility accounting have little or no correlation. (Points : 1)       True 
       False 
Question 3. 3. The master budget provides all the guidance a firm needs.  Sub budgets are not a necessity for good management of the business. (Points : 1)       True 
       False 
Question 4. 4. Zero-based budgeting means a manager gets zero budget dollars without justifying each expense. (Points : 1)       True 
       False 
 
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