GB 519 RANK Career Path Begins/gb519rank.com GB 519 RANK Career Path Begins/gb519rank.com | Page 32

Student Answer:
Master budgeting.
Kaizen budgeting.
Continuous-improvement budgeting.
Activity-based budgeting (ABB)
Time-driven activity based budgeting (TDABB)
Question 11. Question : The type of compensation plan that
focuses on the difference
between actual performance (sales, operating income, etc.)
and budgeted performance is refers to:
Student Answer:
The use of flexible budgets for performance evaluation.
The use of the master budget for performance evaluation.
The use of "rolling financial forecasts."
The use of a fixed-performance contract.
The use of a Kaizen forecast.
Question 12. Question : The act of encouraging non-valueadding actions on the part of
management in order to improve indicated performance is
referredto as: