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1. Responsibility accounting is where units and their managers are held accountable for transactions and events under their direct influence and control. (Points : 1) True False

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1. 

Responsibility accounting is where units and their managers are held accountable for transactions and events under their direct influence and control. (Points : 1)        True
       False

Question 2. 2. Flexible Budgeting allows budgets to be adjusted for any change in expenditures that would cause a manager to go over budget. (Points : 1)       True 
       False 
Question 3. 3. Zero based budgeting requires a manger to justify each and every dollar requested for the budget every time a new budget is prepared. (Points : 1)       True 
       False 
Question 4. 4. Budgets must begin with a cash flow budget to insure there will be enough cash coming in to pay for expenditures during the coming period. (Points : 1)       True 
       False 
 
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