Question : 38.A formal statement of future plans, usually expressed in monetary : 1258662
38.A formal statement of future plans, usually expressed in monetary terms, is a: A. Variance report. B. Position statement. C. Budget. D. Prospectus. E. Variance analysis. 39.The process of planning future business actions and expressing them as a formal plan is called: A. Budgeting. B. Cost accounting. C. Managerial accounting. D. Variance analysis. E. Standard cost analysis. 40.All of the following are necessary for budgets to be effective except: A. Goals should be attainable. B. Employees […]