Kizspy | Question: 50
(Choose 2 answers)
Which statements are true? (Check all that apply)
A. A sales forecast is the basis for the company's sales budget. The sales budget, in turn, is the basis for
most of the other parts of the master budget.
B. A self-imposed budget is one in which a manager prepares his or her own budget with review by
subordinate managers.
C. Budgets are planning devices rather than control devices.
D. The basis idea behind responsibility accounting is that each manager's performance should be judged by
how well he or she manages those items under his or her control.
