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Objective 6.1
2
Copyright © 2015 Pearson Education, Inc.
5) Operating decisions primarily deal with ________.
A) the best use of scarce resources
B) how to obtain funds to acquire resources
C) acquiring equipment and buildings
D) satisfying stockholders
Answer: A
Diff: 2
Objective: 1
AACSB: Analytical thinking
3
Copyright © 2015 Pearson Education, Inc.
9) Which of the following statements is true of budgets?
A) Master budgets express management's operating and financial plans.
B) Financial budgets are prepared before the master budget is prepared.
C) Operating budgets are prepared independently of the master budget.
D) Financial budgets are working documents at the core of the budgeting process.
Answer: A
Diff: 2
Objective: 1
AACSB: Analytical thinking
10) A master budget forces managers to examine the business as they plan, so they can ________.
A) detect inaccurate historical records to avoid errors in budgets
B) set expectations against which actual results can be compared
C) complete the budgeting task on time
D) ensure that only financial risks and opportunities are incorporated
Answer: B
Diff: 2
Objective: 1
AACSB: Analytical thinking
11) A budget is the quantitative expression of a proposed plan of action by management for a specified
period.
Answer: TRUE
Diff: 1
Objective: 1
AACSB: Analytical thinking
12) A budget generally includes both financial and nonfinancial aspects of the plan.
Answer: TRUE
Diff: 1
Objective: 1
AACSB: Analytical thinking
13) An organization's strategy matches its capabilities with the opportunities in the marketplace to
accomplish its objectives.
Answer: TRUE
Diff: 1
Objective: 1
AACSB: Analytical thinking
14) Budgeting includes only the financial aspects of the plan and NOT any nonfinancial aspects such as
the number of physical units manufactured.
Answer: FALSE
Explanation: Budgeting includes both financial and nonfinancial aspects of the plan.
Diff: 2
Objective: 1
AACSB: Analytical thinking
4
Copyright © 2015 Pearson Education, Inc.
15) Operating plans are generally expressed through long-run budgets.
Answer: FALSE
Explanation: Operating plans are generally expressed through short-run budgets. Strategic plans are
expressed through long-run budgets.
Diff: 1
Objective: 1
AACSB: Analytical thinking
16) A budget aids to coordinate what needs to be done to implement the proposed plan.
Answer: TRUE
Diff: 1
Objective: 1
AACSB: Analytical thinking
17) Long-run planning and short-run planning are best performed independently of each other.
Answer: FALSE
Explanation: Long-run planning and short-run planning are inter-dependent.
Diff: 2
Objective: 1
AACSB: Analytical thinking
18) Financing decisions deal with how to best use the limited resources of an organization.
Answer: FALSE
Explanation: Financing decisions deal with how to obtain funds to acquire resources needed for the
organization.
Diff: 2
Objective: 1
AACSB: Analytical thinking
19) The feedback from budgets can lead to changes in plans and strategies.
Answer: TRUE
Diff: 2
Objective: 1
AACSB: Analytical thinking
5
Copyright © 2015 Pearson Education, Inc.
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Gymnopædia, festival of, iii. 11.
Gythium, Lacedæmonian arsenal, i. 27; iii. 21; viii. 50.
Iamidæ, seers at Elis, descendants of Iamus, iii. 11, 12; iv. 16; vi. 2;
viii. 10.
Ibycus, the poet, ii. 6.
Icarus, the son of Dædalus, ix. 11.
Ichnusa, the old name of Sardinia, x. 17.
Idæan Dactyli, v. 7.
Iliad, The Little, iii. 26; x. 26.
Ilissus, a river in Attica, i. 19.
Ilithyia, i. 18; viii. 32; ix. 27.
Immortals, The, vi. 6; x. 19.
Inachus, a river, ii. 15, 18, 25; viii. 6.
Indian sages taught the immortality of the soul, iv. 32.
India famous for wild beasts, iv. 34; viii. 29.
Ino, i. 42, 44; iii. 23, 24, 26; iv. 34; ix. 5.
Inscriptions, ox-fashion, v. 17.
Inventions, source of, viii. 31.
Inundations, destruction caused by, vii. 24; viii. 14.
Io, daughter of Inachus, i. 25; iii. 18.
Iodama, ix. 34.
Iolaus, nephew of Hercules, vii. 2; viii. 14.
Shares in his uncle’s Labours, i. 19; viii. 45.
Kills Eurystheus, i. 44.
Colonizes Sardinia, vii. 2; x. 17.
His hero-chapel, ix. 23.
Ion, the son of Xuthus, i. 31; vii. 1.
Iphiclus, the father of Protesilaus, iv. 36; v. 17; x. 31.
Iphigenia, daughter of Agamemnon, i. 33, 43; iii. 16; ix. 19.
Iphimedea, mother of Otus and Ephialtes, ix. 22; x. 28.
Iphitus, king of Elis, v. 4, 8; viii. 26.
Iphitus, the son of Eurytus, iii. 15; x. 13.
Iris, the flower, ix. 41.
Iron, first fused, iii. 12; x. 16.
Ischepolis, son of Alcathous, killed by the Calydonian boar, i. 42, 43.
Isis, the Egyptian goddess, i. 41; ii. 4, 13, 32, 34; v. 25; x. 32.
Ismenius, a river in Bœotia, ix. 9, 10.
Isocrates, i. 18.
Issedones, i. 24, 31; v. 7.
Isthmian games, i. 44; ii. 1, 2.
People of Elis excluded from them, v. 2; vi. 16.
Ister, river, viii. 28, 38.
Ithome, iv. 9, 13, 14, 24, 31.
Ivory, i. 12; v. 11, 12; vii. 27.
Ivy-cuttings, feast so called, ii. 13.
Macaria, i. 32.
Machærion, viii. 11.
Machaon, son of Æsculapius, ii. 11, 23, 26, 38; iii. 26; iv. 3.
Machinery, or mechanism,
at Olympia, vi. 20.
At Jerusalem, viii. 16.
Mæander, river in Asia Minor, famous for its windings, v. 14; vii. 2;
viii. 7, 24, 31; x. 32.
Magic, v. 27.
Maneros, the Egyptian Linus, ix. 29.
Mantinea, ii. 8; viii. 3, 8, 12.
Manto, daughter of Tiresias, vii. 3; ix. 10, 33.
Marathon, i. 15, 32; iv. 25; x. 20.
Mardonius, son of Gobryas, i. 1, 27; iii. 4; vii. 25; ix. 1, 2, 23.
Panic of his men, i. 40; ix. 25.
Marpessa, the Widow, viii. 47, 48.
Marsyas, i. 24; ii. 7; viii. 9; x. 30.
Martiora, ix. 21.
Mausoleums, viii. 16.
Mausolus, viii. 16.
Medea, ii. 3, 12; viii. 11.
Medusa, the Gorgon, i. 21; ii. 20, 21; v. 10, 12, 18; viii. 47; ix. 34.
Megalopolis, ii. 9, 27; iv. 29; vi. 12; viii. 27, 30, 33; ix. 14.
Its theatre, ii. 27.
Megara, i. 39, 40, 41, 42, 43, 44; vii. 15.
Megaris, i. 39, 44.
Meleager, ii. 7; iv. 2; x. 31.
Melicerta, i. 44; ii. 1; ix. 34.
Memnon, his statue, i. 42.
Memnonides, birds so called, x. 31.
Memphis, i. 18.
Menander, i. 2, 21.
Menelaus, the son of Atreus and husband of Helen, iii. 1, 14, 19; v. 18;
x. 25, 26.
Menestratus, ix. 26.
Miletus, vii. 2, 24; viii. 24, 49; x. 33.
Milo, of Croton, his wonderful strength, vi. 14.
Miltiades, son of Cimon, i. 32; ii. 29; vi. 19; vii. 15; viii. 52.
Minos, i. 17, 27; ii. 30, 34; iii. 2; vii. 2, 4; viii. 53.
Minotaur, i. 27; iii. 18.
Minyad, the poem so called, iv. 33; ix. 5; x. 28, 31.
Mirrors, remarkable ones, vii. 21; viii. 37.
Mithridates, king of Pontus, i. 20; iii. 23; ix. 7.
Money, its substitute in old times, iii. 12.
Moon enamoured of Endymion, v. 1.
Full moon and the Lacedæmonians, i. 28.
Mullets, love mud, iv. 34.
Mummius, ii. 1, 2; vii. 15, 16.
His gifts at Olympia, v. 10, 24.
Musæus, i. 14, 22, 25; iv. 1; x. 5, 7, 9, 12.
Muses, the, ix. 29.
Mycenæ, ii. 15, 16; v. 23; vii. 25; viii. 27, 33; ix. 34.
Myrtilus, the son of Hermes, ii. 18; v. 1, 10; vi. 20; viii. 14.
Myrtle, sacred to Aphrodite, vi. 24.
Myrtoan sea, why so called, viii. 14.
Myus, its mosquitoes, vii. 2.
Oceanus, i. 33.
Ocnus, x. 29.
See Note.
Octavia, her temple at Corinth, ii 3.
Odeum at Athens, i. 8, 14; vii. 20.
Odysseus, (the Latin Ulysses,) i. 22, 35; iii. 12, 20; iv. 12; v. 25; vi. 6;
viii. 3, 14, 44; x. 8, 26, 28, 29, 31.
Œdipodia, ix. 5.
Œdipus, i. 28, 30; ix. 2, 5, 26; x. 5.
Œnobius, i. 23.
Œnomaus, v. 1, 10, 14, 17, 20, 22; vi. 18, 20, 21; viii. 14, 20.
Œnotria, viii. 3.
Œta, Mount, iii. 4; vii. 15; x. 22.
Olen, i. 18; ii. 13; v. 7; viii. 21; ix. 27; x. 5.
Oligarchies, established by Mummius, vii. 16, Note.
Olympias, daughter of Neoptolemus, mother of Alexander the Great, i.
11, 25; iv. 14; viii 7; ix. 7.
Olympus, Mount, in Thessaly, vi. 5.
Olynthus, iii. 5.
Onatas, ÆEginetan statuary, v. 25, 27; vi. 12; viii. 42; x. 13.
Onga, ix. 12.
Onomacritus, i 22; viii. 31, 37; ix. 35.
Ophioneus, the seer, iv. 10, 12, 13.
Ophitea, legend about, x. 33.
Opportunity, the youngest son of Zeus, v. 14.
Oracles, ambiguous, viii. 11.
(Compare case of ‘Jerusalem’ in Shakspere, 2 Henry IV., Act iv.,
Scene iv., 233-241.)
Orestes, son of Agamemnon, i. 28; ii. 18, 31; iii. 1, 16, 22; vii. 25; viii.
5, 34.
Orithyia, i. 19; v. 19.
Orontes, a river in Syria, vi. 2; viii. 20, 29, 33; x. 20.
Orpheus, i. 14, 37; ii. 30; iii. 13, 14, 20; v. 26; vi. 20; ix. 17, 27, 30.
Osiris, x. 32.
Osogo, viii. 10.
Ostrich, ix. 31.
Otilius, vii. 7; x. 36.
Otus and Ephialtes, ix. 29.
Ox-killer, i. 24, 28.
Oxen given in barter, iii. 12.
Oxyartes, father of Roxana, i. 6.
Oxylus, curious tale about, v. 3.
Ozolian, x. 38.
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