1. Why are budgets useful in the planning process?2. A common starting point in

1. Why are budgets useful in the planning process?2. A common starting point in the budgeting process is3. Which of the following statements about budget acceptance in an organization is true?4. What is budgetary control?5. The comparison of differences between actual and planned results6. A static budget7. A responsibility report should8. Which responsibility centers generate both revenues and costs?9. The linens department of a large department store is10. What is a standard cost?11. Using standard costs12. Unfavorable materials price and quantity variances are generally the responsibility of the