General MCQ for Budget And Planning

1. The budgeting process can be used to promote a positive effect on employees' attitudes, but it can also yield a negative one.

2. The task of preparing the budget normally is the responsibility of one department, the controller's department or a department of one of the high-level managers.

3. Most successful businesses generally prepare their budgets from 'the top down'. These budgets are tightly controlled by upper management.

4. Since the budget period normally coincides with the accounting period, budgets of less than one year or greater than one year are not normally prepared.