CMA Pop Quiz: How did you do on our #CMAPopQuiz? #CMA
Solution: C
A budget that is not supported by top management has very little chance of success as subordinates will attach little importance to the budget and will focus on what management considers to be important.
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Christine Purelis
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Original Message:
Sent: 02-09-2018 10:18 AM
From: Christine Purelis
Subject: CMA Pop Quiz- Q&A 217
CMA Pop Quiz: Are you preparing for the #CMA exam? Take our #CMAPopQuiz!
Which one of the following items would most likely cause the planning and budgeting system to fail? The lack of
a. historical financial data.
b. input from several levels of management.
c. top management support.
d. adherence to rigid budgets during the year.
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Christine Purelis
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