Which of the following is an example of the benchmarking function of the budgeting process?
A) A budget demands integrated input from different business units and functions.
B) Budgeting requires close cooperation between accountants and operational personnel.
C) Budget figures are used to evaluate the performance of managers.
D) The budget outlines a specific course of action for the coming period.
C
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Which of the following statements is false regarding the evaluation of alternatives?
A. The selection of alternatives is determined by the decision variable chosen and the decision rule used B. Each alternative must be explicitly stated C. A decision variable is defined by an outcome that may be measured D. A decision rule is determined by which outcomes may be compared E. all of the above are true
Object-oriented software development is ________
A) iterative B) descriptive C) easy D) expensive